The court passed an order that all the schools must have water purifiers for the school childrenas: (4)(a) Society in general is more concerned about quality of life,(b) Innovative techniques are being developed to manufacture water purifiers at competitive rates.(c) Incomes are rising and children at home are also drinking purified water. The government alsoshowing positive attitude towards the water purifier business.Identify any four different dimensions of business environment by quoting from the above details
Question
The court passed an order that all the schools must have water purifiers for the school childrenas: (4)(a) Society in general is more concerned about quality of life,(b) Innovative techniques are being developed to manufacture water purifiers at competitive rates.(c) Incomes are rising and children at home are also drinking purified water. The government alsoshowing positive attitude towards the water purifier business.Identify any four different dimensions of business environment by quoting from the above details
Solution
Based on the given details, we can identify four different dimensions of the business environment:
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Social dimension: The court's order reflects society's increasing concern about the quality of life, specifically the health and well-being of school children. This indicates that the social dimension of the business environment is focused on promoting a healthier lifestyle and ensuring access to clean and purified water.
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Technological dimension: The mention of innovative techniques being developed to manufacture water purifiers at competitive rates highlights the importance of technological advancements in the business environment. This dimension emphasizes the need for businesses to adapt and utilize new technologies to meet the growing demand for water purifiers.
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Economic dimension: The rising incomes and the fact that children at home are also drinking purified water indicate a positive economic dimension in the business environment. This suggests that there is a market demand for water purifiers, and businesses can capitalize on this opportunity to cater to the increasing purchasing power of consumers.
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Political dimension: The mention of the government showing a positive attitude towards the water purifier business indicates the presence of a political dimension in the business environment. This suggests that the government's support and favorable policies can create a conducive environment for businesses operating in the water purifier industry.
In summary, the four different dimensions of the business environment identified from the given details are social, technological, economic, and political.
Similar Questions
33. The court passed an order that all the schools must have water purifiers for the school childrenas: (4)(a) Society in general is more concerned about quality of life,(b) Innovative techniques are being developed to manufacture water purifiers at competitive rates.(c) Incomes are rising and children at home are also drinking purified water. The government alsoshowing positive attitude towards the water purifier business
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