Question: Despite the rapid technological advancement and continuous change 4 poin in consumers' behavior, Mercedes-Benz was able to sustain its competitive advantage. Nevertheless, the emerging environmental

Despite the rapid technological advancement and continuous change 4 poin in consumers' behavior, Mercedes-Benz was able to sustain its competitive advantage. Nevertheless, the emerging environmental regulations placed by many governments to address climate change had an extensive impact on the automotive industry. To cope with the new legal requirements, Bayerische Motoren Werke AG (BMW), an old direct competitor to Mercedes, has introduced a new line of environmentally-friendly electric cars. Consequently, many Mercedes customers began switching to BMW. Based on the scenario, which of the following general environment trend has affected the automotive industry? O Economic climate O Legal and political conditions O Demographic trends O Technological change

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