Question : Identify the dimensions of business environment which has impact on the interest rate, inflation rate, changes in disposable income of the people, etc.
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Answer (1)
25th 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.
Hence Option A is correct.
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