Question 8
Marketing EnvironmentUse the following information to answer questions 8 and 9
Tiko and Sons established a meat processing factory in a town after considering the purchasing power of the people, as well as their values and belief systems.
The initial consideration before locating the business is an element of
- A.political environment
- B.cultural environment
- C.economic environment
- D.religious environment
Show the answer and explanation
Answer: C (economic environment)
Explanation
People's purchasing power is an economic factor.