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?
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Composition of Trade
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Infrastructure
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Economic Development
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Legislation passed by government
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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: -Economic Environment consists of Gross Domestic Product, Income level at national level and per capita level, Profit earning rate, Productivity and Employment rate, Industrial, monetary and fiscal policy of the government etc.
Detailed explanation-4: -The legal environment includes the laws passed by the government as well as the decisions rendered by the various commissions and agencies at every level of the government.
There is 1 question to complete.