When Customers Reduce Their Consumption of a Product Because of a Growing

question 90

True/False

When customers reduce their consumption of a product because of a growing awareness of its impact on the natural environment, it is an example of change in the producing organisation's specific environment.

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Definitions:

Higher Prices

An increase in the cost of goods or services.

Tax

A compulsory monetary fee or different form of levy required from a taxpayer by a governmental body, used to finance government operations and various public costs.

Sellers

Entities or individuals that provide goods or services in exchange for payment, crucial to the operation of any market.

Tax

A compulsory financial charge imposed by a government on individuals, corporations, or goods to finance government activities and public expenditure.