(i) Identify the different dimensions of business environment.
Study the following case/situation and express your opinion.
(1) The court passes an order to ban polythene bags as the bags are creating many environmental problems which affects the life of people in general.
(2) Society in general is more concerned about quality of life. The government decided to give subsidy to jute industry to promote this business.
(i) Identify the different dimensions of business environment.
(ii) Comment on it.
1 Answers
(i) The different dimensions of business environment are:
1. Legal environment
2. Natural environment
3. Social environment
4. Political environment
5. Economic environment
(ii) The different dimensions of business environment are
1. Legal Environment : Court passes order to ban polythene bags.
2. Natural Environment : The Court order will solve environmental problems which affects the life of people in general.
3. Social Environment : Society is concerned about quality of life and better standard of living
4. Political Environment : Government framed a policy to give subsidy to jute industry.
5. Economic Environment : Subsidy to Jute industry will promote business of Jute industry and this will help in economic development.