BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a component of economic environment of business?
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Interest rates
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Inflation rates
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Literacy rates
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Rates of savings and investments.
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Explanation:
Detailed explanation-1: -the following which is not a part of the economic environment is-Strength of consumer spending.
Detailed explanation-2: -Answer: B. Rates of saving and investment.
Detailed explanation-3: -Answer: Level of literacy is an aspect of economic environment. Explanation: A country’s literacy level is a component of economic environment.
Detailed explanation-4: -Components of Business Environment – Economic Environment, Technological Environment, Social Environment, Demographic Environment and a Few Others. The general environment of an organisation is made up of vital components such as economic, technological, social, demographic, political and legal and global forces.
There is 1 question to complete.