Jamila understands that certain industries, like luxury goods retailing, thrive during strong economic periods. That$$s why she decided to open a designer boutique in the mid$-90$s$.$ Her boutique struggled during the Great Recession, but she was able to pivot her operations to focus on lower$-$cost designer accessories, which allowed her to keep her business afloat. Jamila shows an understanding of how to operate in different $\_\_\_\_\_\_\_\_$ environments.

social

economic

competitive

global