BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fashion
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Economic Environment
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Legislation
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Monetary Policy
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Detailed explanation-1: -The economic environment consists of an economic system, economic policies and economic conditions prevailing in a country. Interest Rates, Taxes, Inflation, Stock Market Indices, Value of Rupee, Personal Disposable Income, Unemployment rate etc. are the factors which affect the economic environment.
Detailed explanation-2: -There are 5 dimensions to business environment. These are economic, social, legal, political and technological.
Detailed explanation-3: -The economic dimension handles all economic outputs/externalities of the event firm and the individual event. Values measured range from the direct economic impacts on the host community and the world-to the more complex indirect impacts, both being of great interest to event researchers.
Detailed explanation-4: -The main factors considered in the physical environment are geographic location, topography, geologic structure, climate, hydrology, soil, natural vegetation, and animal life.
Detailed explanation-5: -There are many ways to evaluate economic performance. Three key dimensions are innovation, inclusion, and growth.