A Change in the _____ Environment Can Affect Consumer Purchases

question 110

Multiple Choice

A change in the _____ environment can affect consumer purchases of homes, cars, and other items usually bought on credit.

• A) legal
• B) political
• C) social/cultural
• D) technological
• E) economic

Understand the difference between compensation systems and reward systems.

Grasp the importance of an effective compensation system to organizational success.

Identify the major components of a compensation system.

Recognize the significance of aligning compensation strategies with organizational goals.

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Definitions:

Vibrations

Rapid oscillations of particles about an equilibrium position, which can occur in physical objects, air molecules, or other mediums.

Sounds

Vibrations that travel through the air or another medium and can be heard when they reach a person’s or animal's ear.

Touch

One of the five senses, referring to the ability to perceive pressure, temperature, and texture through physical contact with the skin.

Sense

A physiological capacity of organisms that provides data for perception, such as sight, sound, smell, taste, touch, and proprioception.