Question

Changes in variables, such as income, cost of living, interest rates, and savings and borrowing patterns most likely reflect changes in the ________ environment of a company.

Answer 1

The correct answer is Economic.

Types of environment for a company include:

• The economic environment
• The Demographic environment
• The Political environment
• The Cultural environment

The economic environment of a company includes factors like Income, cost of living, interest rates, and savings & borrowing

The Demographic environment of a company includes factors like Age, race, and gender.

The Political environment of a company includes factors like Government, legislation, and regulations.

The Cultural environment of a company includes factors like Lifestyle, customs, traditions etc.

Hence, Changes in variables, such as income, cost of living, interest rates, and savings & borrowing patterns most likely reflect changes in the economic environment of a company.

Learn more about interest rates:

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