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Business Studies

Economic Environment

Banking secto...

Question

Banking sector reforms have led to easier credit terms and better services. Identify, this example is associated with which component of the business environment.

A

Technological environment

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B

Economic environment

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C

Political environment

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D

None of these

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Solution

The correct option is B
Economic environment

Banking sector reforms have led to easier credit terms and better services. The example is associated with the economic environment.

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Q. Banking sector reform have led to easier credit terms and better services. This is an example of one of the key components of business environment.

Name this component and explain it in brief.

Q. Reservation in job for minorities refers to an example,of key component of general environment of business.

Name and explain this component.

Q. Statement: "Banking services are fine tuned to meet growing business needs," - An advertisement.
Assumptions:
I. Banking is a part of business activity
II. Industrialists prefer better banking services.

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Identify and discuss the environment, which is associated with this example.

Q. Write a word or phrase or a term which can substitute each one of the following statements.

1. Name of the analysis which is the systematic approach to understanding the environment.
2. Uncontrollable factors of the business environment.
3. The environment of business includes customs and traditions, values, social tends.
4. The process of transferring ownership of a business enterprise, agency or public service from the public sector to private sector.
5. A boundaryless world where there would be free flow of goods, services, information, capital and people across nations.

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