Question

Due to a recession in the United States and abroad, ski resorts have suffered from a lack of guests during the peak season. These ski resorts have felt a direct impact from ____ force.
A) competitive
B) technological
C) sociocultural
D) economic
E) legal and regulatory

Answer 1

Answer:

D) economic.

Explanation:

These are seen to be factors which play vital roles in bringing/affects the competitiveness of the environment of operation of a said firm.

These forces in a business are said to primarily affect the distribution of production activities across the globe and also within a smaller region. These effects of economic forces are easily been felt by the mass/population around the region where these forces are present and also where these enterprises are been sited/located.

Factors ranging from interest rate, employment, inflation rate, government fiscal and monetary policy are generally known to make up these factors been talked about.