Which of the following best describes the economic environment of a business?
Practice Questions
1 question
Q1
Which of the following best describes the economic environment of a business?
The cultural values of society
The level of competition in the market
The overall economic conditions affecting businesses
The technological advancements available
The economic environment encompasses the overall economic conditions, such as inflation, unemployment, and economic growth, that affect business operations.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following best describes the economic environment of a business?
Solution: The economic environment encompasses the overall economic conditions, such as inflation, unemployment, and economic growth, that affect business operations.
