If the mortgage interest rates increase, this would be an example of changing ________ in your external environment.
A) economic conditions
B) political conditions
C) sociocultural conditions
D) demographic conditions

Question

Quizplus · Accepted Answer

Mortgage interest rates are typically affected by changes in economic conditions, such as inflation, supply and demand for credit, and the actions of the Federal Reserve. Therefore, an increase in mortgage interest rates would be an example of changing economic conditions in the external environment. Political conditions refer to changes in government policies and regulations, sociocultural conditions refer to changes in societal attitudes and behaviors, and demographic conditions refer to changes in the composition of the population, such as age or income.

If the Mortgage Interest Rates Increase, This Would Be an Example