The economic environment
A) of an individual country has little effect on other countries.
B) refers to the application of science to convert resources to output.
C) includes changes in interest rates and inflation.
D) has little impact on an organization's marketing strategy.
E) does not change rapidly.

Question

Quizplus · Accepted Answer

The economic environment includes changes in interest rates and inflation, both of which can have a significant impact on organizations' marketing strategies. Additionally, changes in one country's economic environment can also affect the economies of other countries, making choice A incorrect. Choice B refers to the concept of technology, not the economic environment, while choice D is false as economic changes are crucial to consider when creating a marketing strategy. Finally, the economic environment can change rapidly, making choice E incorrect.

The Economic Environment