Question
Lately many companies have planned for significant investment in organised retailing in India. Several factors have prompted their decision in this regard- customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The government permitted cent percent foreign direct investment in some sectors of retailing.
Identify the change in business environment under different dimension quoting the line
from the above para.
Solution
Dimensions of business environment:
- Economic environment: Customer income is rising.
- Social environment: People have developed a taste for better quality product even though they may have to pay more.
- Political environment: the government permitted cent per cent foreign direct investment in some sector of retailing.
