Jorge finds he has lost out to his major competitor on three recent contracts. Through his customers, he learns his competitor has cut prices and lowered financing costs. Jorge is observing a change in his _____________ environment.
A) Economic growth rate
B) Technological
C) Social and cultural
D) Natural
E) Legal and political

Question

Quizplus · Accepted Answer

Jorge is observing a change in his economic environment as his competitor has cut prices and lowered financing costs, which are economic factors affecting market competition.

Jorge Finds He Has Lost Out to His Major Competitor