The _____ environment includes changes in consumer preferences over time. A. industry B. social C. economic D. global E. retail
Question
The _____ environment includes changes in consumer preferences over time. A. industry B. social C. economic D. global E. retail
Solution
The correct answer is B. social. Changes in consumer preferences over time are typically influenced by social factors such as culture, lifestyle, and societal trends. Therefore, these changes are part of the social environment.
Similar Questions
The market environment has an impact on the _____environment.
In analyzing the external environment, what potential impact do shifts in consumer preferences have on businesses? A. Increases market saturation B. Encourages product diversification C. Reduces brand loyalty D. Creates opportunities for innovation
Explain the relevance of consumer behavior to its market environment.
In the immediate environment, what is the first factor that affects the consumer?Multiple Choicethe company itselfthe corporate partnersthe competitorsthe consumersthe culture
Which factor in the external environment IS the customer base?EnvironmentalEconomicSocialNone of these
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