Question

​The significance of the economic dimension of a business environment is highlighted when a number of states—from Alabama to Nevada—make their local economies even more appealing by providing special tax deals to attract new firms.

a)True
b)False

Answer 1

In the business environment, the Economic, Social, Technological, Legal and Political dimensions play a very important role.

The economic dimension is about the forces and conditions under which businesses are within the market. These economic forces and conditions include, but are not limited to, economic policies, interest rates, inflation rates and consumer income.

Answers

a) True, the taxes correspond to economic policies adopted by the states.