Elite Inc. began as a brand of luxury clothing and accessories targeted at affluent working women. However, it altered its offerings to include a large proportion of standard clothes at cheaper prices when the country was faced with severe recessionary pressures. In this scenario, which of the following did Elite primarily respond to by changing its offerings?
A) The legal environment
B) The competitive environment
C) The cooperative environment
D) The economic environment
Correct Answer:
Verified
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