Question : Introduction of GST and its impact on business enterprise is a part of:
Option 1: Political environment
Option 2: Economic environment
Option 3: Technological environment
Option 4: Social environment
Answer (1)
18th Jan, 2024
Correct Answer: Economic environment
Solution :
The term "economic environment" refers to all of the forces and factors that have a direct impact on a country's economy. In the preceding example, the introduction of GST and its impact on business enterprises is a component of the economic environment.
Hence, option 2 is the correct answer.
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