The Direct Market Environment

question 272

Multiple Choice

The direct market environment

• A) includes customers, the company, and competitors.
• B) consists of variables that can be controlled.
• C) is broader in scope than the external environment.
• D) includes economic and technological environments.
• E) is made up of the political, legal, and social environments.

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Definitions:

Vigor

Physical strength, good health, or energy often exhibited through robust activity.

Nomothetic

Refers to the approach in psychology that aims to study what we share with others, focusing on general laws or principles that apply to all people.

Mechanistic

A view or theory that regards complex processes as being governed by simple physical or chemical principles, often compared to the workings of a machine.

Cognitive

Related to the processes of thinking, understanding, learning, and remembering.