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 factors has aided the most in creating a global business environment?
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Government
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Technology
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Exchange rates
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Cultural changes
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Explanation:
Detailed explanation-1: -As the Corporate Finance Institute explains, the primary factors influencing a company’s decision to use one structure over another are geography, efficiency and cost.
Detailed explanation-2: -The elements of a business environment can be mentioned as follows: Political. Economic. Social.
Detailed explanation-3: -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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