Dimensions of Business Environment by Nivedha M B -Student - Mathakondapalli Model School https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd Nivedha.M.B en-us 2022-08-20 14:21:37 UTC 2022-08-20 15:22:44 UTC hello@padlet.com https://icon-library.com/images/dimensions-icon/dimensions-icon-9.jpg Dimensions of Business Environment nivedhamb37422021 https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266161198 The External forces which affects the functioning of the business directly / indirectly.]]> 2022-08-20 14:28:08 UTC https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266161198 Economic Environment nivedhamb37422021 https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266162258 Describe forces which have economic impact on business.
  • Interest Rates, Taxes, Inflation, Stock Market Indices, Value of Rupee, Personal Disposable Income, Unemployment rate etc. are the factors which affect the economic environment.
]]> 2022-08-20 14:31:25 UTC https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266162258 Social Environment nivedhamb37422021 https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266165614 Describes the characteristics of the society in which business firms operated.
  • Tradition: It refers to social practices that have lasted for decades, such as Ugadi, Deepavali, Id, Christmas,etc.,
  • Values: It refers to moral principles prevailing in the society, such as Freedom of choice in the market, Social Justice, Equality of opportunity, Non-discriminatory practices etc.
  • Social Trends: It refers to a general change or development in the society, such as health and fitness trend among urban dwellers.
]]> 2022-08-20 14:42:41 UTC https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266165614 Technological Environment nivedhamb37422021 https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266170143 Describe board characteristics of technology in which business firms operate.
  • It consists of scientific improvements and innovations which provide new ways of producing goods, rendering services, new methods and techniques to operate a business.
]]> 2022-08-20 14:54:46 UTC https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266170143 Political Environment nivedhamb37422021 https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266176665 Describe political conditions & nature of government intervention in business.
  • The success of business and industry depends upon the government’s attitude towards the business and industry, Stability of Government, Peace in the country.
]]> 2022-08-20 15:11:16 UTC https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266176665 Legal Environment nivedhamb37422021 https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266178441 Describe framework of laws and legislations within which business firms operate.
  • The legal environment includes various laws like Companies Act 2013, Consumer Protection Act 1986, Policies relating to licensing & approvals, Policies related to foreign trade etc.
]]> 2022-08-20 15:17:01 UTC https://padlet.com/nivedhamb37422021/jksgoxeb7tnt2nkd/wish/2266178441