Elite Inc.is as a brand of luxury clothing and accessories,and it targets affluent working women.However,it alters its offerings to include a large proportion of standard clothes at cheaper prices when the country faces severe recessionary pressures.In this scenario,which of the following environments does Elite primarily respond to by changing its offerings?

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Elite Inc. primarily responds to the economic environment by changing its offerings, in this case, offering cheaper prices during a recessionary period. The economic environment refers to factors such as inflation, recession, unemployment, and income levels that affect the purchasing power and consumer behavior.

Elite IncIs as a Brand of Luxury Clothing and Accessories,and It