X-Brand Bikes,a Manufacturer of Off-Road Bicycles,carefully Developed a Strategy for Moving

X-Brand Bikes,a manufacturer of off-road bicycles,carefully developed a strategy for moving into South America.The strategy had poor results after interest rates and inflation rose rapidly in most of its South American markets,demonstrating the influence of the ________ environment on marketing strategy.

A) political
B) technological
C) social
D) legal
E) economic