If mortgage interest rates increase, this would be an example of changing ________ conditions in a firm's external environment.
A) economic
B) political
C) sociocultural
D) financial

Question

Quizplus · Accepted Answer

Mortgage interest rates are closely linked to the state of the economy, and an increase in rates would likely affect many firms and industries. Therefore, this change represents a shift in economic conditions of the external environment. The other options (political, sociocultural, financial) are less directly related to mortgage interest rates.

If Mortgage Interest Rates Increase, This Would Be an Example