Question : The economic environment of business refers to:
Option 1: The technological factors affecting business operations
Option 2: The social and cultural factors influencing business decisions
Option 3: The overall economic conditions, such as GDP growth and inflation rates
Option 4: The legal and regulatory framework within which businesses operate
Correct Answer: The overall economic conditions, such as GDP growth and inflation rates
Solution : The correct answer is (C) The overall economic conditions, such as GDP growth and inflation rates The economic environment of business refers to the conditions and factors related to the overall economy, including aspects like GDP (Gross Domestic Product) growth, inflation rates, employment levels, interest rates, exchange rates, and other economic indicators that can impact business operations and decision-making.
Question : The economic environment includes factors related to:
Option 1: Technological advancements
Option 2: Social attitudes and customs
Option 3: Government policies and regulations
Option 4: Overall economic conditions, such as GDP growth and inflation rates
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile