Which of the following factors is an economic component of an organization's external environment?
A) family composition
B) education level
C) disposable income
D) geographic location
E) discontent over income gaps

Question

Quizplus · Accepted Answer

Disposable income is an economic component of an organization's external environment as it relates directly to the financial resources available to customers and their ability/willingness to purchase goods and services. The other options (family composition, education level, geographic location, discontent over income gaps) are social or cultural components of the external environment.

Which of the Following Factors Is an Economic Component of an Organization's