Determine from the following choices, factors that are classified under the economic environment. a. unemployment and inflation b. educational qualifications of consumers c. culture of the country d. number of competitors

Determine from the following choices, factors that are classified under the economic environment. a. unemployment and inflation b. educational qualifications of consumers c. culture of the country d. number of competitors

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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