GENERAL KNOWLEDGE

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GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The economic factors that managers must consider refer to the fact that more and more managers understand the negative impact that their organization may have on the natural environment.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Many economic factors, such as unemployment, exchange rates, inflation, wages, and supply and demand, typically impact how businesses make a profit and increase their efficiency. Companies that study these factors can usually predict consumer spending and plan their marketing efforts to improve performance.

Detailed explanation-2: -The economic component encompasses factors such as interest rates, inflation, changes in disposable income, stock market fluctuations, and business cycle stages.

Detailed explanation-3: -Examples of environmental factors affecting business include employees, competitors, suppliers, customers’ needs, owners, government regulations, market trends, technological developments, social factors, and economic factors.

Detailed explanation-4: -Several factors influence the environmental performance simultaneously but ethnic fractionalization, political freedom, financial development and institutional quality have a substantial impact to explain the environmental performance across economies.

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