Question

What are three elements that are part of the business environment? (Multiple Select Question)

A) Economic factors

B) Political influences

C) Social media trends

D) Technological advancements

E) Personal hobbies of the CEO

F) Atmospheric conditions

G) Cultural norms

Answer 1

The three elements that are part of the business environment are economic factors, political influences, and technological advancements.

Step-by-step explanation:

The three elements that are part of the business environment are:

1. Economic factors: These factors include things like inflation rate, interest rates, economic growth, and unemployment rate. They impact the profitability and growth potential of businesses.
2. Political influences: Political factors include government policies, regulations, stability, and trade agreements. They can affect businesses through changes in taxes, tariffs, and laws.
3. Technological advancements: Technology plays a significant role in the business environment. Advancements in technology can create new opportunities for businesses, improve efficiency, and disrupt industries.