Question

Jennifer's spending decisions are heavily influenced by her family, her peers, and her religious education. These influences on her spending decisions are all ________ influences.

Answer 1

The correct answer is external social environment

The external environment is the broader environment that involves the whole of society, notions, organizations, companies, communities, etc. All organizations operate in a macro environment, which is defined by the most general elements in the external environment that can potentially influence strategic decisions.