Asked by Nicole Enabosi on Jun 07, 2024
Verified
Fran is gathering information about the general economic environment in Amsterdam. In doing so, he will look for information about the general economic environment, market size and population growth rate, and
A) culture.
B) real income.
C) airport capabilities.
D) political status.
E) religious institutions.
Real Income
The income of an individual or group after adjusting for inflation, representing the actual purchasing power.
Market Size
The total volume of sales or potential sales for a particular product or service in a specific market.
- Examine the influence of cultural, economic, and political elements on international commerce.
Verified Answer
AK
Ainaa KookieJun 12, 2024
Final Answer :
B
Explanation :
Market size and population growth rate are economic factors that can directly impact a business's success in Amsterdam. Real income is also an important economic factor as it can affect consumer spending habits. Culture, airport capabilities, political status, and religious institutions may indirectly impact the economic environment, but they are not as directly relevant as the other factors listed.
Learning Objectives
- Examine the influence of cultural, economic, and political elements on international commerce.