Which one of the following is true regarding the economic environment of business that shapes the behavior of buyers and sellers?

A) Forces resulting from the practical application of science are effected by the economic environment.
B) Virtually every decision made is influenced by the economic environment.
C) Laws and regulations that restrain, support, and protect businesses protect the economic environment.
D) Targeted customers and competitors that market similar products will not affect the economic environment.
E) Population trends, social values, and relationships of society and business are dependent on the economic environment.

Answer: B
Explanation: Conditions and forces in the economic environment affect the cost and availability of goods, services, and labor; so they shape the behavior of buyers and sellers.