Low Consumer Spending and a Lack of Adequate Financing Are

question 276

Multiple Choice

Low consumer spending and a lack of adequate financing are conditions that arise mostly due to factors in:

• A) the competitive environment.
• B) the cultural and social environment.
• C) the technological environment.
• D) the political environment.
• E) the economic environment.

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Definitions:

Intangible Nature

The quality of being unable to be touched or grasped physically, often used to describe assets that do not have physical substance but are valuable to a business, like copyrights or goodwill.

Long-Lived Assets

Assets of a durable nature used in the regular operations of a business and that are expected to provide economic benefit for more than one year.

Standby Equipment

This term describes equipment that is kept on site and is ready to be used as a backup or support in case the primary equipment fails or needs maintenance.

Breakdown

A detailed analysis or classification of something into its constituent parts.