Ultra paint co. which is manufacturing paints had been enjoying a prominent market position as it is manufacturing best quality paints made timely payment of taxes to government. It assembled various inputs like finance, machines, raw materials, etc. form its environment but since last year it has been dumping its untreated poisonous waste on the river bank which has created many health problems for the people. As a result, the court passed an order to seal the manufacturing unit of the company.

State the importance of business environment highlighted quoting the line form the above case.

Identify any two dimension of business environment mentioned in above case by quoting line from it.

State any two values which have been overlooked by the company?

Answer

business environment helps in tapping useful resources.
‘it assembled various inputs like finance, machines, etc. from its environment’.
(1) Social environment
‘….it has been dumping its untreated poisonous waste on the river bank which created many health problems for the people'.
(2) Legal environment
‘….the court passed an order to seal the manufacturing unit of the company’.
Values overlooked:
Environment protection.
Concern for human life.
Respect for law and order.
Social responsibility.