question_answer

Direction (21-25): Read the following paragraph and answer the questions numbers on the basis of the same. Pat Ltd. manufactured electronics. Its business was operating in Indonesia. Prime Minister of India announced relaxation in import duties on electronic items. Therefore, the company started to export products to India. The company decided to the tie up collaborations with only those retailers who had direct online links with the suppliers to replenish stock when needed. Ever after entering into the market of India, company did not get complacent. It kept on adding new features in its products, especially in mobile phones to remain ahead of charges made by other competing brands. Afterwards, the festive season was around the corner, so lot of E-commerce sites came up with sales. Company knew that demand would rise, so they arranged all the inputs such as finance, raw material, etc. Company's performance was improved significantly.

Which element of business environment is highlighted in the lines, "Prime Minister of India announced relaxation in import duties on electronic items. Therefore, the company started to export products to India"?

A) Economic

B) Legal

C) Political

D) Technological