The _____ environment consists of forces that influence market operations,like commodity prices and interest rates.
A) economic
B) technological
C) cultural
D) legal

Question

Quizplus · Accepted Answer

The economic environment refers to the conditions of the economy, such as inflation rates, exchange rates, and government policies that affect businesses and consumers. Commodity prices and interest rates are key factors that impact the purchasing power of consumers and the profitability of businesses, therefore making A the correct answer. The technological environment refers to advancements in technology that impact business operations, while the cultural environment refers to social and cultural factors that influence consumer preferences. The legal environment refers to laws and regulations that affect business operations but do not directly impact market forces.

The _____ Environment Consists of Forces That Influence Market Operations,like