Which of the following is a component of the specific market environment within which each business operates?
A) demographic factors
B) competitors
C) technological innovations
D) environmental restrictions
E) the speed of granting permits and licenses

Question

Quizplus · Accepted Answer

A)Every company operates within a specific market environment composed of three important groups: (1)its target customers, (2)buying influences that shape the behavior of those customers, and (3)competitors-other companies that market similar products to those customers.
B)Every company operates within a specific market environment composed of three important groups: (1)its target customers, (2)buying influences that shape the behavior of those customers, and (3)competitors-other companies that market similar products to those customers.
C)Every company operates within a specific market environment composed of three important groups: (1)its target customers, (2)buying influences that shape the behavior of those customers, and (3)competitors-other companies that market similar products to those customers.
D)Every company operates within a specific market environment composed of three important groups: (1)its target customers, (2)buying influences that shape the behavior of those customers, and (3)competitors-other companies that market similar products to those customers.
E)Every company operates within a specific market environment composed of three important groups: (1)its target customers, (2)buying influences that shape the behavior of those customers, and (3)competitors-other companies that market similar products to those customers.

Which of the Following Is a Component of the Specific