Which of the Following Trends Identified in an Environmental Scan

question 94

Multiple Choice

Which of the following trends identified in an environmental scan is an economic trend?

• A)The U.S. ,Japan,China,and the E.U.countries will increase investments in sustainable living infrastructure.
• B)3D printing is creating a resurgence in domestic manufacturing.
• C)Partnerships,collaborations,and co-creation of value will become important dimensions of business rivalry.
• D)Healthcare,gun-control,and marijuana regulation are receiving increasing attention.
• E)High unemployment and reduced income is increasing demand at discount retailers for lower-cost and smaller-sized products.

---

Definitions:

Price

The monetary contribution expected, required, or made for acquiring something.

Most Inelastic

Describes goods or services with a demand that is least responsive to price changes; price changes have little effect on the quantity demanded.

Quantity Demanded

The entire quantity of a product or service that buyers are ready and capable of buying at a certain price point.

Price

The amount of money required to purchase a good or service, determined by various factors including supply, demand, production cost, and competition.