SELECT * FROM question_mgmt as q WHERE id=5116 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=20 AND chapterId=592 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th business-studies Business Environment give an example to show that a business firm opera

Question:

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).

Answer:

Different elements and dimensions of the business environment are interrelated. For example: nowadays people are more focused toward health and fitness. So, people are spending more on organic foods, gyms and food supplements. This is an example of a social environment but it is also related to the economic environment because the disposable income of the people have increased that’s why they are spending more on health and fitness.


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