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WAEC Marketing 2021 Question 17

Question 17

Marketing Environment

A reduction in general personal income which leads to a change in a company's pricing strategy is an element of the

  1. A.competitive environment.
  2. B.political environment.
  3. C.economic environment.
  4. D.technological environment.
Show the answer and explanation

Answer: C (economic environment.)

Explanation

Income levels are part of the economic environment.