GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following factors has aided the most in creating a global business environment?
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Government
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Technology
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Exchange rates
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Cultural changes
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Explanation:
Detailed explanation-1: -As the Corporate Finance Institute explains, the primary factors influencing a company’s decision to use one structure over another are geography, efficiency and cost.
Detailed explanation-2: -Examples of economic factors affecting business include: Interest rates. Exchange rates. Recession. Inflation.
Detailed explanation-3: -In order for any organization to succeed, there needs to be an understanding of the five elements that comprise the business environment. These include the customer, the product, the market, the competition, and the company itself.
There is 1 question to complete.