Question

Kirsten, a manager, is writing an analysis of her employer's current and possible future revenues. Which of the following could she identify as an economic factor in her firm's external general environment?

1) the government regulations and laws in the country in which the firm exists
2) the stage of the business cycle that the country is in
3) the values and norms prevalent in the society in which the firm operates
4) the bargaining power of the firm's suppliers and buyers

Answer 1

Correct option is 2.

the stage of the business cycle that the country is in

Step-by-step explanation:

Stage of the business cycle that the nation is in as the general financial development rate is a proportion of the adjustment in the measure of merchandise and services produced by a country's economy. It demonstrates what phase of the business cycle the economy is in—that is, regardless of whether business movement is extending (boom) or contracting (recession).