New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which is an element of the international

    environment?
    A Micro environment forces Correct Answer Incorrect Answer
    B Macro environment forces Correct Answer Incorrect Answer
    C Micro and macro environment forces Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    The international economic environment can be described as the global factors that are outside of the control of individual organizations but that can affect the way that businesses operate. These factors include unemployment rates, inflation rates, and labor costs. External factors found in the macroeconomic environment can also affect organizations' decision-making and performance activities. They include cultural and social influences, legal issues, demographics, and political considerations, as well as changes in the natural environment and technology.

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