1.

A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention.Identify and explain the dimensions of business environment discussed in the above case.

Answer»

Dimensions of Business Environment discussed in the above case:

i. Economic Environment Economic environment refers to the combination of economic systems, economic policies and economic conditions of a country.

ii. Technological Environment Technological environment refers to innovations relating to various business activities.



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