question_answer

In the rainy season, the level of impurities in the water bodies tend to rise, leading to an increase in the number of cases of jaundice and hepatitis. Keeping this in mind, the court passed an order that all schools must have water purifiers for the school children, keeping in view the below stated reasons:

(i) Society in general is more concerned about the quality of life.

(ii) Innovative techniques are being developed to manufacture water purifier at competitive rates.

(iii) Incomes are rising and children at home are also drinking purified water.

(iv) The government is also showing positive attitude towards the water purifier business.

Identify the different dimensions of business environment by quoting lines from th above para.

Answer:

The quoted lines from the given para, which are indicative of different dimensions of business environment are as follows: (i) The court passed an order that all school must have water purifier.' The quoted line is depicting legal environment. Business has to function within the framework of laws and regulations of the country. Legal environment exercises significant influence on business activities. (ii) 'Society in general is more concerned about the quality of life.' The quoted line is depicting the social environment as this environment consists of all the social and cultural forces within which business firms operate. (iii) 'Innovative techniques are being developed to manufacture water purifier at competitive rates.' The quoted line is depicting the technological environment. It includes forces relating to scientific improvements and innovations which provide new ways of producing goods and services (iv) 'Income are rising and children at home are also drinking purified water.' The quoted line is depicting the economic enviroment. It consists of the factors and forces concerning means of production and distribution of wealth. It includes all such forces of economic development which influence the product market scope of business. (v) 'The government is also showing positive attitude towards the water purifier business.' The quoted line is depicting the political environment. It is concerned with the forces related with political stability, conditions that have strong impact on business.