GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Management style
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Business cycle
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Employee morale
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Long-term goals
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Detailed explanation-1: -Economic Environment includes interest rates, inflation rates, changes in disposable income of people, stock market indices and the value of rupee are some of the economic factors that can affect management practices in a business enterprise.
Detailed explanation-2: -The economic environment of the business is one of the external factors that can influence strategy and decision-making. Economic factors include GDP, exchange rates, taxation, interest rates, fiscal policy, monetary policy and inflation. The business cycle is an important tool for understanding how the economy works.
Detailed explanation-3: -Consumer confidence. Consumer confidence measures the overall consumer optimism about the state of the economy. Economic growth and development. Inflation. Interest rates. Unemployment. Concluding thought. 24-Feb-2021