Inflation,interest rates,recession,and recovery are factors that affect which of the following environmental factors?
A) economic
B) competitive
C) sociocultural
D) ethical

Question

Quizplus · Accepted Answer

Inflation, interest rates, recession, and recovery are all economic factors as they directly impact the overall economic conditions of a country or region. These factors affect the level of business activity, employment rates, and consumer spending, which in turn can impact the demand and supply of goods and services, and ultimately determine the health of the economy. Therefore, these factors fall under the economic environmental factor.

Inflation,interest Rates,recession,and Recovery Are Factors That Affect Which of the Following