The Largest Producer of "Fuzz-Busters" (Radar Detectors) Sees That Many

question 18

Multiple Choice

The largest producer of "fuzz-busters" (radar detectors) sees that many states are increasing the penalty for using them. Clearly, this firm's marketing strategy may have to change in response to these changes in the

• A) economic and technological environment.
• B) resources and objectives of the firm.
• C) competitive environment.
• D) political and legal environment.
• E) cultural and social environment.

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Definitions:

Ideology

An arrangement of concepts and standards, mainly one that supports the structure of political or economic theories and policies.

Monetary Bailouts

Financial assistance provided to a failing business or economy to save it from collapse.

Laissez-Faire Approach

An economic principle advocating minimal government intervention in the marketplace and allowing private sector freedom in economic decisions.

Natural Selection

The biologically based principle that environmental pressures allow certain beneficial traits to be passed on to future generations.