Question

Which of the following is not a part of the economic environment?
(a) Market and trade cycles
(b) Consumer buying patterns
(c) Strength of consumer spending
(d) Interest and exchange rates

Answer 1

the following which is not a part of the economic environment is -  Strength of consumer spending.

1. market and trade cycles- it is an essential part of economic environment because it governs the rise and fall of economy of a country.
2. consumer buying patters- this governs the trading, production and economy of the country.
3. interest and exchange rate - this governs the foreign market of the country.

hence, the correct option is (c) Strength of consumer spending

Answer 2

(b) Consumer buying patterns.

Explanation:

• The  external factors of the business that influence consumer buying habits and business and also affects the performance of the company are called economic environment. The factors are beyond the company's control . It may be either small scale business or large scale business.
• The parts of economic environment includes the following.
• 1. Economic situation and trends.2.Market and trade cycles. 3.specific  industry factors.4.customer/end -user driver.5.interst and exchange rates 6. Inflation and unemployment.7.strenght of consumer spending's.
• The factors of environment are also influenced from micro and macro environment