Social Environment
Trending Questions
What are the examples of the business environment?
Identification of opportunities to get first or more advantage is one of the importance of the business environment.
What are the three dimensions of business environment? Give an example of each.
Which of the following is an example of social environment?
Life expectancy
Public debt
Consumer protection act
None of these
Many multinational food chains, such as KFC, McDonald's etc., have altered their menu to suit Indian taste and culture. Name the dimension of business environment which is responsible for this step.
Legal environment
All of the above
Social environment
Economic environment
'Equal pay for equal work' is an example of which dimension of business environment.
Economic enviornment
Social enviornment
Political enviornment
Technological enviornment
Individual freedom, social justice and national integration are examples of
- Values
- Tradition
- Etiquettes
- Customs
An established pharmaceutical company from the United States has done scanning of its business environment and realises the following factors of potential growth in India.
(i) Government in India is encouraging NRIs and foreign investors to invest in Indian companies.
(ii) There would be an improvement in the quality of life of people in India.
(iii) The ruling party is encouraging the foreign companies in India.
(iv) A law has been passed in the parliament relating to delicensing policy on industries.
(v) Procedure for import and export of technology has been simplified.
What are the various dimensions of the business environment? Give an example of each.
- Tradition
- Values
- Etiquettes
- Government plans
- Customs
- Techique
- Consumer laws
- Government Policies
How many restaurants do you need to be a chain?
(i) Which value is adopted by the company?
(ii) Suggest which factors should it keep in mind while fixing the price of purifier.
(iii) Which channel of distribution should the company adopt?
(iv) Which is the most appropriate sales promotion methods for this.