factors economic component organizations external environment

Which of the following factors is an economic component of an organizations external environment?

19) Which of the following factors is an economic component of an organization's externalenvironment?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.Answer:C

Diff: 3AACSB:Application of knowledge; Analytical thinkingLearning Obj.:LO 3.2: Describe the constraints and challenges facing managers in today'sexternal environmentClassification:Application; Analytical20) The ________ component of an organization's external environment is concerned with trendsin population characteristics such as age, race, gender, education level, geographic location,income, and family composition.CDiff: 2

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AACSB:Reflective thinkingLearning Obj.:LO 3.2: Describe the constraints and challenges facing managers in today'sexternal environmentClassification:Concept7

Which of the following is a factor of the external environment of an organization?

The external environment includes these six broad external conditions that may affect the organization: economic, political/legal, sociocultural, demographic, technological, and global conditions.

What are components of the external environment?

Here are the nine types of external environment factors that affect businesses:.
Technological factors. ... .
Economic factors. ... .
Political and legal factors. ... .
Demographic factors. ... .
Social factors. ... .
Competitive factors. ... .
Global factors. ... .
Ethical factors..

Which of the following may be an example of the external environment of an organization?

Example of external environment are Institutions, organizations, forces operating outside the company.

Which of the following factors is a demographic?

The common variables gathered in demographic research include age, sex, income level, race, employment, location, homeownership, and level of education. Demographical information makes certain generalizations about groups to identify customers.

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