Which of the Following Factors Is an Economic Component of an Organization's

question 66

Multiple Choice

Which of the following factors is an economic component of an organization's external environment?

• A) The employees of the organization have, on average, 2.3 children.
• B) The average customer of a firm has a high school education.
• C) The firm's customers' disposable income falls in the range of $25,000-$40,000.
• D) Most of the firm's customers live in the Midwest.

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Definitions:

Restriction Enzymes

Proteins produced by bacteria that cut DNA at specific sequences, widely used in molecular biology for DNA manipulation and cloning.

Viral DNA

The genetic material of a virus, composed of DNA, which contains the information necessary for the virus to replicate.

Biotechnology

The use of living systems and organisms to develop or make products, often involving techniques like genetic engineering.

Recombinant DNA Technology

A genetic engineering technique that involves joining DNA from different organisms to produce new genetic combinations.