Question : Fill in the blanks-
Rates of savings and investment, volume of trade is a part of _____ environment.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Answer (1)
27th Jan, 2024
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. Rates of savings and investment, volume of trade is a part of economic environment.
Hence Option A is correct.
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