Operating within the Environment
The environment places constraints on the behaviour of managers.Suppose you are a manager trying to understand the forces in your organisation's environment.
-Refer to Operating within the Environment (Scenario).Imagine you are the manager of a real estate office trying to maximise profits.If the mortgage interest rates increase, this would be an example of changing ________ in your general environment.
A)economic conditions
B)political conditions
C)competition
D)social conditions
E)technological conditions

Question

Quizplus · Accepted Answer

Mortgage interest rates are directly related to economic conditions, so if they were to increase, it would be a change in the economic conditions of the environment.

Operating Within the Environment