Question: Section A: (Total 30 marks) Please answer the below two compulsory questions. 15 marks for each question (500 words) 1. Define economic growth relating

Section A: (Total 30 marks) Please answer the below two compulsory questions. 15 marks for each question (500 words) 1. Define economic growth relating

Section A: (Total 30 marks) Please answer the below two compulsory questions. 15 marks for each question (500 words) 1. Define economic growth relating to business? Explain the two common measures of economic growth? What is the relationship between economic growth and unemployment? 2. Please state and define the four environments that effects the success of a business. Explain each environment in detail, and how it can affect a business by giving one specific example. Section B: (Total 30 marks) 10 marks for each question (700 words) 1. Define what is a business and why businesses are established? Give one example of a successful business in UAE? Explain why it is successful by outlining the business competitive advantages. 2. Explain who are the key stakeholders in a business and what are their roles? 3. Explain the impacts of inflation and interest rates that have on a business? Give one example for each.

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