Which of the following represents an economic factor in a firm's external general environment?
A) The government regulations and laws in the country in which the firm exists
B) The stage of the business cycle that the country is in
C) The values and norms prevalent in the society in which the firm operates
D) The bargaining power of the firm's suppliers and buyers

Question

Quizplus · Accepted Answer

The overall economic growth rate is a measure of the change in the amount of goods and services produced by a nation's economy. It indicates what stage of the business cycle the economy is in-that is, whether business activity is expanding (boom) or contracting (recession).

Which of the Following Represents an Economic Factor in a Firm's