Question : Fill in the blanks- Introduction of GST and demonetisation is a part of _____ environment.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Correct Answer: Economic environment
Solution : Economic environment refers to those factors that have economic impact on the business activities such as interest rate, inflation rate, change in the disposable income of the people, stock market etc. Short and long term interest rate significantly affect the demand for product and services. Introduction of GST and demonetisation is a part of economic environment. Hence Option A is correct.
Question : Fill in the blanks- New equipments, research and development, are the part of ____ environment.
Question : Fill in the blanks- Rates of savings and investment, volume of trade is a part of _____ environment.
Question : Fill in the blanks- Extent and nature of government intervention in business is a part of ______ environment.
Question : Introduction of GST and its impact on business enterprise is a part of:
Option 1: Political environment
Option 2: Economic environment
Option 4: Social environment
Question : Fill in the blanks- Educational system and literacy rate, concern with quality of life, attitude towards product innovation are the part of ______ environment.
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