Changes in variables, such as income, cost of living, interest rates, and savings and borrowing patterns most likely reflect changes in the ________ environment of a company.
A) economic
B) natural
C) demographic
D) political
E) cultural

Question

Quizplus · Accepted Answer

Changes in income, cost of living, interest rates, and savings and borrowing patterns are all related to the economic environment, which encompasses the factors that affect a consumer's purchasing power and spending patterns. The natural environment relates to factors such as weather, climate, and natural disasters, while the demographic environment pertains to characteristics such as age, gender, race, and education level. The political environment involves government policies and regulations, while the cultural environment encompasses values, beliefs, and customs of a society.

Changes in Variables, Such as Income, Cost of Living, Interest