During and immediately after a recession,most retailers see a decrease in consumer spending.Which environmental force is most likely affected?
A)economic
B)regulatory
C)competitive
D)psychographic

Question

Quizplus · Accepted Answer

The economic environment deals with factors such as income, employment, inflation, and recession. Consumer spending is directly related to the economic situation, and a decrease in consumer spending during and after a recession is a clear indication of the impact of the economic environment on retailers. Regulatory factors relate to laws and government policies, competitive factors deal with rival businesses, and psychographic factors pertain to the attitudes, beliefs, and values of consumers.

During and Immediately After a Recession,most Retailers See a Decrease