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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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Similar questions

Q. Which of the following statement is TRUE?
(1)Environment refers to all forces, which have a bearing on the functioning of business.
(2)Success of every business depends on adapting itself to the environment within which it functions.
Select the correct answer from the options given below.

Q. Which of the following statement is TRUE?
(1) Environmental refers to all forces, which have a bearing on the functioning of business.
(2) Success of every business depends on adapting itself to the environment within which it functions.
Select the correct answer from the options given below.

Which of these economic factors affect business environment?

Two economic factors that influence the business environment.

Q. All those economic and non-economic factors which exercise their influence on the business activity in general and thus determine opportunities that a company may have to promote its business, will fall under which of the following categories?

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