A non-profit organization is assessing factors in its external environment that might impact its strategic goals. Among the factors they found: a new governmental health initiative increasing public focus on healthcare by 20%, a shift in public donations trends showing a 10% increase towards educational programs, and potential foreign trade tariffs affecting imported supplies. Which of these factors are classified as economic?
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BGovernmental health initiative's impact and foreign trade tariffs.
CShift in public donations towards educational programs and foreign trade tariffs.
DOnly the government's health initiative impact.
✓ Correct answer: B. Governmental health initiative's impact and foreign trade tariffs.Economic factors are elements that affect the economy and include tariffs and government initiatives that have economic implications. Here, both the governmental health initiative and foreign trade tariffs have significant economic impacts.
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