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 is an economic factor, as it affects the cost of borrowing money, which can influence the real estate market and consumer purchasing power.