Many people in Rhenasia are cutting down on their spending. This is because of a lack of well-paying jobs in the country. Many businesses in the country are getting affected as the buying power of customers has drastically reduced. The environmental characteristic that is affecting businesses in Rhenasia is _____.
A) technological change
B) sociocultural trends
C) the economy
D) political change
E) the competitive scenario
Correct Answer:
Verified
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