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Business Studies

Economic Environment

environment r...

Question

___environment refers to all economic factors which have a bearing on the functioning of a business.

A

Social environment

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B

Political environment

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C

Economic environment

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D

Technological environment

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Solution

The correct option is C
Economic environment

It comprises of interest rate, rate of inflation, value of GDP, per capita income, tax rates, disposable income, etc.

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Q. Which of the following statement is TRUE?
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