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Question : The economic environment of business deals with:
 


 

Option 1:  Government regulations and policies

Option 2:  Technological advancements

Option 3:  Social attitudes and customs

 

Option 4: Overall economic conditions, such as GDP growth and inflation rates


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Overall economic conditions, such as GDP growth and inflation rates


Solution : The correct answer is (D) Overall economic conditions, such as GDP growth and inflation rates

The economic environment of business deals with factors related to the broader economic conditions in which an organization operates. This includes aspects like Gross Domestic Product (GDP) growth, inflation rates, exchange rates, interest rates, unemployment levels, and overall economic stability. These economic factors can significantly impact an organization's operations, financial performance, and strategic decisions.

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