Question

The market demand for hybrid cars is increasing, so a major car company is shifting its focus to developing these types of cars. How would this increase in market demand MOST accurately be described by the major car company? This is a trademark. This is a stakeholder. This is an internal factor. This is an external factor. G​

Answer 1

The increasing market demand for hybrid cars is an external factor that influences a car company's decisions, pushing it to shift focus toward developing these vehicles. The correct answer is option 4.

Step-by-step explanation:

The increase in market demand for hybrid cars described by the scenario in the student's question would most accurately be referred to as an external factor. This term is used to describe influences on a company's performance that originate outside of the organization and are beyond its control. Examples of external factors include shifts in consumer preferences, economic conditions, political and regulatory changes, and competitor actions. The increase in demand for hybrid cars could be influenced by a variety of external factors such as environmental concerns, innovation in technology, or changes in fuel prices, leading a car company to adjust its product focus to meet this demand.