Which of the following best indicates the importance of business environment?
(a) Identification
(b) Improvement in performance
(c) Coping with rapid changes
(d) All of these
Which of the following is an example of social environment?
(a) Money supply in the economy
(b) Consumer Protection Act
(c) The Constitution of the country
(d) Composition of family
Liberalisation means
(a) Integrating among economies
(b) reduced Government controls and restrictions
(c) Policy of planned disinvestments
(d) None of the above
Which of the following does not explain the impact of Government policy changes on business and industry?
(a) More demanding customers
(b) Increasing competition
(c) Change in agricultural prices
(d) Market orientation
What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
Lately many companies have planned for significant investment in organised retailing in India. Several factors have prompted their decision in this regard.
Customer’s income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased. The government has also liberalised its economic policies in this regard and permitted even cent per cent foreign direct investment in some sectors of retailing.
Identify changes in business environment under different heads - economic, social, technological, political and legal that has facilitated the companies’ decisions to plan significant invstments in organised retailing.