Which one of the following is an element of the economic environment of business that shapes the behavior of buyers and sellers?
A) Forces resulting from the practical application of science to innovations
B) Conditions and forces that affect the cost and availability of goods
C) Laws and regulations that restrain, support, and protect businesses
D) Targeted customers and competitors that market similar products to those customers
E) Population trends, social values, and relationships of society and business

Question

Quizplus · Accepted Answer

A)Conditions and forces in the economic environment affect the cost and availability of goods, services, and labor; so they shape the behavior of buyers and sellers.
B)Conditions and forces in the economic environment affect the cost and availability of goods, services, and labor; so they shape the behavior of buyers and sellers.
C)Conditions and forces in the economic environment affect the cost and availability of goods, services, and labor; so they shape the behavior of buyers and sellers.
D)Conditions and forces in the economic environment affect the cost and availability of goods, services, and labor; so they shape the behavior of buyers and sellers.
E)Conditions and forces in the economic environment affect the cost and availability of goods, services, and labor; so they shape the behavior of buyers and sellers.

Which One of the Following Is an Element of the Economic