GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following affects the business environment because it provides the most options for consumers?
|
|
Global competition
|
|
|
Monopoly
|
|
|
International sanctions
|
|
|
Command economy
|
Explanation:
Detailed explanation-1: -It affects the decisions, strategies, process and performance of the business. The environment is consisting of factors which are beyond the control of the business (STEP) social, technological, economical, legal and political. It provides opportunities or poses threats to the organization.
Detailed explanation-2: -Example: Economic, Social, Political, Legal and Technological conditions. Different forces of business environment are interrelated to each other.
There is 1 question to complete.