Question
Give any two examples of the impact on business organisations due to change in economic environment.
Solution
Impact of Economic Environment on Business: The following are the chief examples of the impact of economic environment on business:
(i) After reforms were introduced in the banking sector, the bank loans were allowed on easy terms. It also led to better services. It helped really fast development of business.
(ii) The change in the economic environment resulted in the establishment of Leasing Companies, Mutual Funds and Venture Capital Business.
