Operating Within the Environment (Scenario)
The environment places constraints on the behavior of managers. Suppose you are the manager of a real estate office trying to maximize profits. You attempt to understand the forces within your organization's environment.
-If the mortgage rate on loans increases, this would be an example of changing ___________ in your general environment.

Question

Quizplus · Accepted Answer

An increase in mortgage rates would be a change in economic conditions, specifically in the interest rates and availability of financing for real estate transactions. This change would likely affect the buying habits and decisions of potential customers, and therefore impact the profitability of the real estate office.