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JAMB Commerce 2009 Question 49

Question 49

Business Environment and Social Responsibility

The economic environment of a business is concerned with

  1. A.climatic conditions
  2. B.changing values
  3. C.the growth rate
  4. D.the interest rate
Show the answer and explanation

Answer: C (the growth rate)

Explanation

The economic environment covers the state of the economy, such as its growth rate, inflation and interest rates.