The Finance Minister reduced the repo rate to overcome recession. This is related to which dimension of business environment?

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Solution

Economic environment.

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Similar questions

Identify the dimension of business environment, in each of the following cases, and explain them.

(i) The project of Nano Car re-established in Gujarat.

(ii) Decrease in the repo rate to overcome recession.

(iii) Rise in the BSE price index, soon after the declaration of Lok Sabha Election 2014 results.

(iv) Increase in the number of working women.

(v) Prohibition of advertisement of alcoholic beverages on Doordarshan.

(vi) Demand for reservation for minorities in government jobs.

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Q. Give an example to show that a business firm operates within numerous inter related factors constituting the business environment. (Hint: example highlighting the inter relatedness of dimensions of business environment).

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.

To tackle problems, RBI has allowed the commercial banks to reduce the interest rates on loans. Identify the business environment.

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