If You Go into a Restaurant in Vienna, Austria, and Ask

question 245

Multiple Choice

If you go into a restaurant in Vienna, Austria, and ask for a Diet Coke, the waiter may have no idea what you are ordering. This is an example of which part of the external market environment?

• A) Political
• B) Cultural and social
• C) Legal
• D) Economic
• E) Competitive

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Definitions:

Electronic Commerce

The buying and selling of goods and services, or the transmission of funds or data, over an electronic network, primarily the internet.

Electronic Records

Information or data that is stored in a digital format, allowing for easier access, manipulation, and storage compared to traditional paper records.

Memorandum

A written document or note that is used for internal communication within an organization, often to convey information, policies, or procedures.

Enforceable

An attribute of contracts or legal obligations that allows them to be legally compelled or carried out by a court.