Question : Which environment includes factors related to the availability and allocation of resources?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Legal environment
Option 4: Political environment
Correct Answer: Economic environment
Solution : The correct answer is (A) Economic environment
The economic environment includes factors related to the availability and allocation of resources, such as labor, capital, and natural resources. It encompasses economic conditions, market trends, inflation rates, monetary policies, and other elements that impact the distribution of resources within an economy.
Question : Which environment relates to the availability and allocation of resources
Option 1: Political environment
Option 2: Social environment
Option 3: Economic environment
Option 4: Technological environment
Question : The natural environment of business includes factors related to:
Option 1: Economic conditions
Option 2: Government regulations
Option 3: Technological advancements
Option 4: Natural resources and ecological factors
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