BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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economic policies of government
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market for labour
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per capita income
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customs of people
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Detailed explanation-1: -the following which is not a part of the economic environment is-Strength of consumer spending.
Detailed explanation-2: -Accordingly, total economic environment is consisting of agriculture, industrial production, infrastructure, planning, basic economic philosophy, stages of economic development, trade cycles, national income, per capita income, savings, money supply, price level and population.
Detailed explanation-3: -It is important to note that a company’s organizational structure is also not part of its economic environment.
Detailed explanation-4: -Non-economic environment includes political system, government policies, legal framework social system, cultural values, demographic factors, technological development and natural environment of the country. Intact, all these factors are very relevant to the present business.