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The overall is a measure of the change in the amount of goods and services produced by a nation's economy.
Your Answer correctThe overall Blank______ is a measure of the change in the amount of goods and services produced by a nation's economy.Multiple choice question.economic growth ratecorrectlevel of employmentReason: The overall economic growth rate is a measure of the change in t...
Read MoreThe most rigorous means of investigating the profit potential within a specific industry is to conduct .
Your Answer correctThe most rigorous means of investigating the profit potential within a specific industry is to conduct Blank______.Multiple choice question.an industry PET scanan industry analysiscorrecta market analysisa PESTEL analysisReason: PESTEL analysis is not specific to an...
Read MoreThe relationship between the natural environment and business organizations can best be described as .
Your Answer correctThe relationship between the natural environment and business organizations can best be described as Blank______.Multiple choice question.unconnectedinsignificantinterdependentcorrecta U-shapeCorrect AnswerQuestioninterdependent...
Read MoreDeregulation of industries leads to intensified competition and higher value at lower prices for consumers. This is an example of factors influencing business.
Your Answer correctDeregulation of industries leads to intensified competition and higher value at lower prices for consumers. This is an example of Blank______ factors influencing business.Multiple choice question.socio-culturaleconomicReason: Deregulation belongs under legal fa...
Read MoreWhich of the following is an example of a major innovation in process technology?
Which of the following is an example of a major innovation in process technology?Multiple choice question.the BP oil spillthe smartphonelean manufacturingthe microwave...
Read MoreWhich of the following are examples of sociocultural factors? (More than one answer may be correct.)
Your Answer correctWhich of the following are examples of sociocultural factors? (More than one answer may be correct.)Multiple select question.increased number of health-conscious consumerscorrectextended period of low interest ratesReason: It is an example of an economic environment...
Read MoreWhich of the following are examples of sociocultural factors? (More than one answer may be correct.)
Your Answer correctWhich of the following are examples of sociocultural factors? (More than one answer may be correct.)Multiple select question.increased number of health-conscious consumerscorrectextended period of low interest ratesReason: It is an example of an economic environment...
Read MoreWhat term describes the costs and benefits of producing or consuming goods that are not captured by prices of the goods?
Your Answer correctWhat term describes the costs and benefits of producing or consuming goods that are not captured by prices of the goods?Multiple choice question.internalitiesexternalitiescorrectpolitical pressuressocioeconomic factorsCorrect AnswerQuestionexternalities...
Read MoreWhich is the most frequent cause of inflation?
Your Answer correctWhich is the most frequent cause of inflation?Multiple choice question.too many goods chasing too few servicestoo little real estate chasing too many developerstoo little money chasing an overabundance of goodstoo much money chasing too few goods and services...
Read MorePrice means there is little or no change in the prices of goods and services. li
Your Answer correctFill in the blank question.Price stabilityField 1Field 1 stability , Correct Unavailable means there is little or no change in the prices of goods and services. ...
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