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:

Ambivalent

Refers to the simultaneous presence of conflicting feelings or thoughts towards a person, object, or situation.

Erik Erikson's Theory

A developmental theory that outlines eight stages of psychosocial development, from infancy through late adulthood, each characterized by a central conflict that individuals must navigate.

Psychosocial Development

The theory proposed by Erik Erikson that human development is a lifelong process of psychological and social changes and challenges.

Early Years

A term that refers to the initial period of a child's life, typically considered to be from birth to age five, which is crucial for development.