Topic Review Activity
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Economic factors in decision making fall under the category of
A. external factors
B. internal factors
C. decision impacts
D. consequence types
Please select the best answer from the choicee nravided

Economic factors in decision making fall under the category of "External Factors"

Explanation:

Economic factors in decision making fall under the category of "external factors".

The economic factors refers to factors  that help to determine the competitiveness of a firm in the surrounding environment. Despite of the fact that these factors  relate with the economy on a more prominent scale, the basically  affect the internal  working of an organization.

Examples of Economic factors include Government policies,law,tax rates,unemployment,Wages,interest rate.

Economic factors refers to the external factors in decision making process .

While internal factors could be personality type, previous experiences or emotional or mental state at the time of making a decision, external factors are  the factors that are external to an individual.These include economic factors surrounding an individual or a firm