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WAEC Commerce 1994 Question 85

Question 85

Business Environment and Social Responsibility

The activities of competitors in the market are part of the

  1. A.technological environment
  2. B.social environment
  3. C.legal environment
  4. D.political environment
  5. E.economic environment
Show the answer and explanation

Answer: E (economic environment)

Explanation

Competition, prices and demand are part of the economic environment.