Economic factors in decision making fall under the category of
a external factors
b. internal factors
c. decision impacts
d. consequence types
select the best answer from the choices provided,
oa
ooo

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

Option A

Explanation:

The outside factors which have great impact on both success and failure of business but considered out of control for any firm leader and named as "external factors". These factors only structured the cycle of business with both ups and downs as most of the time the arrival of factors are random and unpredictable too.

This may become a barrier for achieving goal or objectives. Such factors are like social, legal variations, competition, economical factors, political factors, technological changes, market demand variations etc. Therefore decision making in business planning should be priority to initiate growth.