Considering the economic environment of a business, the components are :
(A) Life expectancy
(B) Inflation
(C) Interest Rate
(D) Consumption Habits
(E) Disposable Income
Choose the correct answer from the options given below:
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
(A) and (D) only
B
(C) and (A) only
C
(B), (C) and (E) only
D
(A), (B) and (C) only
Correct Answer
(B), (C) and (E) only
Detailed Explanation
Dimensions of Business Environment :
- Economic Environment: Interest rates, inflation rates, changes in disposable income of people, stock market indices and the value of rupee are some of the economic factors that can affect management practices in a business enterprise. Short and long term interest rates significantly affect the demand for product and services.
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
In Entrepreneurship, KASH stands for:
(
2
Arrange the steps of Planning Process in a proper order : (A) Implementation of plan and follow-up action
(B) Developing Premises
(C) Identification and evaluation of alternative courses of action
(D) Setting up of objectives
(E) Selecting an alternative
Choose the correct answer from the options given below:
(
3
Identify and arrange the steps of organising Process in correct sequence.
(A) Assignment of duties
(B) Recruitment and selection
(C) Identification and division of work
(D) Establishing authority and reporting relationships
(E) Departmentalisation
Choose the correct answer from the options given below :
(
4
Identify an option which defines 'Management as an Art'.
(
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice