Question: 5a businesss suppliers are the most important actors in the...

5.A business's suppliers are the most important actors in the company's microenvironment.

True

False

6.Companies that watch variables such as income, cost of living, and interest rates, are more likely to be negatively affected by an economic change such as a recession or boom.

True

False

7.Government agencies such as the Food and Drug Administration and the Consumer Product Safety Commission investigate and ban potentially unsafe products. Regulations created by these and other agencies result in higher research costs and longer times between new product ideas and their introduction.

True

False