BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following affects the business environment because it provides the most options for consumers?
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Global competition
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Monopoly
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International sanctions
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Command economy
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Explanation:
Detailed explanation-1: -Examples of environmental factors affecting business include employees, competitors, suppliers, customers’ needs, owners, government regulations, market trends, technological developments, social factors, and economic factors.
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