Question

60.
----- environment consists of the factors like inflation rate, interest rate, and unemployment.
(A) Demographi
(B) Geographic
(C) Technological
(D) Economic​

Answer 1

Answer:

geographic

Explanation:

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Answer 2

The economic​ environment consists of the factors like inflation rate, interest rate, and unemployment. (Option D)

• All the given environments form an essential component of any business-related environment.
• The economic environment consists of all the economic factors that affect how business functions.
• These factors are external to the business but affect it as it affects the consumers' buying behaviour.
• A high inflation rate, interest rate, taxes, etc. change the quantity demanded of a product by its consumers.