Lately many companies have planned for significant investment in organ

1.	Lately many companies have planned for significant investment in organized retail sector in India. Several factors have prompted their decisions in this regard customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The government is also showing positive attitude towards rising retail sector. Law has permitted cent percent foreign direct investment in some sectors of retailing. Identify the changes in business environment under different dimensions, quoting the lines from the above para.
Answer» Dimensions: (i) Economic Environment: "Customer income is rising." (ii) Social Environment: "People have developed ..... have to pay more." (iii) Political Environment: "The govt. ............... retail sector”. (iv) Legal Environment: “Law has permitted ..................... retailing.

Lately many companies have planned for significant investment in organized retail sector in India. Several factors have prompted their decisions in this regard customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The government is also showing positive attitude towards rising retail sector. Law has permitted cent percent foreign direct investment in some sectors of retailing. Identify the changes in business environment under different dimensions, quoting the lines from the above para.

Answer»

Dimensions:

(i) Economic Environment: "Customer income is rising."

(ii) Social Environment: "People have developed ..... have to pay more."

(iii) Political Environment: "The govt. ............... retail sector”.

(iv) Legal Environment: “Law has permitted ..................... retailing.