Which of the following factors is an economic component of an organization's external environment?
A) The employees of the organization have, on average, 2.3 children.
B) The average customer of a firm has a high school education.
C) The firm's customers' disposable income falls in the range of $25,000-$40,000.
D) Most of the firm's customers live in the Midwest.

Question

Quizplus · Accepted Answer

The disposable income of the firm's customers falls in a specific range, which is an economic factor that can have an impact on the organization's performance. A and B provide demographic information that is not directly related to economic factors. D provides geographic information that is not necessarily tied to economic factors either.

Which of the Following Factors Is an Economic Component of an Organization's