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Question

The court passed an order to ban polythene bags as

(i) These bags are creating many environmental problems which affect the lives of people in general.

(ii) Society, in general, is more concerned about quality of life.

(iii) the government decided to give subsidy to the jute industry to promote this business.

(iv) Innovative techniques are being developed to manufacture jute bags at low rates.

(v) Incomes are rising and people can afford to buy these bags.

Identify the different dimensions of business environment by quoting the lines from the above particulars.

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Solution

The quoted points from the above lines with different dimensions of business environment are as follows:

(i) 'The court passed an order to ban polythene bags' -The quoted line is depicting the legal environment. Business has to function within the framework of laws and regulations of the country. Legal environment exercises significant influence on business activities.

(ii) 'Polythene bags are creating many environmental problems which affect the lives of people in general' and' society, in general, is more concerned about the quality of life' -These quoted lines are depicting the social environment. It consists of all the social and cultural forces within which business firms operate.

(iii) 'Government decided to give subsidy to the jute industry to promote this business' -The quoted line is depicting the political environment. It is concerning with the forces related with political stability and conditions that have strong impact on business.

(iv) 'Innovative techniques are being developed to manufacture jute bags at low rates'-The quoted line is depicting the technological environment. It includes forces relating to scientific improvements and innovations which provide new ways of producing goods and services.

(v) 'Incomes are rising and people can afford to buy these bags' -The quoted line is depicting the economic environment. It consists of the factors and forces concerning means of production and distribution of wealth. It includes all such forces of economic development which influence the product market scope of business.


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