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Lady_Fox [76]
2 years ago
7

With respect to the environment in which a business operates, factors such as competition, political and legal forces, and econo

mic climate would all be classified as?
Business
1 answer:
navik [9.2K]2 years ago
6 0

With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all be classified as uncontrollable elements.

What is a controllable element of the marketing environment?

  • To adapt to shifting market conditions, consumer preferences, or business goals, the controllable variables can be changed throughout time as well as typically in the short term.
  • Products, prices, promotions, distribution, and research efforts are among the variables that can be controlled.

What is the macro environment?

The main uncontrollable outside factors (economic, demographic, technological, natural, social and cultural, legal, and political) that have an impact on a firm's performance and decision-making.

Learn more about uncontrollable elements

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Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $12000000.00 in Orange C
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Answer:

50%

Explanation:

Here is important to know that when we have the inflation rate (1,50% in this case) this indicator is enough to get the effect of the prices in an economy and get the nominal GDP affected by prices, so if the price level is 1,50% after the comma we have the average of the growth.

6 0
3 years ago
A party who agrees to act on behalf of another person or party is called a( n ) ________.
IceJOKER [234]
<span>A party who agrees to act on behalf of another person or party is called an agent.</span>
6 0
3 years ago
What pricing strategy could work well in any market, primarily by generating buyer interest?
hram777 [196]

Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.

How a change in price impacts consumer demand is assessed using the price elasticity of demand.

A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).

Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).

The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.

You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.

Learn more about price elasticity of demand here.

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3 0
1 year ago
you need to write a report that shows a company‘s profits by division is located in regions around the country you should organi
Readme [11.4K]

Answer:

Answer is Making areas of the report that speak to each geographical region.

Refer below.

Explanation:

You need to write a report that shows a company‘s profits by division is located in regions around the country you should organize your report by:

Making areas of the report that speak to each geographical region

8 0
3 years ago
3. Why accrue an expense?
statuscvo [17]
Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
8 0
2 years ago
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