The economic environment refers to:
A) The nature and direction of the economy in which a firm competes or may compete
B) The economic outlook of the world provided by the World Bank
C) An analysis of how the environmental movement and world economy interact
D) An analysis of how new environmental regulations will affect the economy

Question

Quizplus · Accepted Answer

The economic environment refers to the general economic conditions and factors such as GDP, inflation, interest rates, unemployment, and economic growth in the country or region where a company operates or plans to operate. It includes an assessment of industry trends, the competitive landscape, and the buying habits of consumers.

The Economic Environment Refers To