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

question 6

Multiple Choice

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

---

Definitions:

Budgeting

The process of creating a plan to spend your money, outlining anticipated income and expenses for a future period.

January

The first month of the year in the Gregorian calendar, often associated with new beginnings and resolutions.

Budget

A detailed plan for the future that is usually expressed in formal quantitative terms.

Donations

Voluntary gifts of money or other resources given to organizations or individuals without expectation of return.