INTERVIEW QUESTIONS MARKETING MANAGEMENT MARKETING ENVIRONMENT DETAILS

Question: What is economic environment?

Answer: The totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, that influence the buying behavior of consumers and institutions.
The economic environment consists of external factors in a business' market and the broader economy that can influence a business.

The totality of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, that influence the buying behavior of consumers and institutions.
The economic environment consists of external factors in a business' market and the broader economy that can influence a business. Source: CoolInterview.com

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