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Give two examples of the impact on business organisations of changes in social environment.


Business is born and develops in society. Therefore, the effect of various social factors on business is but natural. For example, some years ago the manufacturers of Vanaspati Ghee used to import animal fat for manufacturing Ghee. On the basis of the strong public protests, the government cancelled the import licence of these manufacturers. Similarly, with the news that some cold drinks contain pesticidal element, people protected against it and minimised the consumption of these cold drinks.

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Write three impact of political environment on business.


Write two impacts of legal-regulatory environment on business.


Give any two examples of the impact on business organisations due to change in economic environment.


What is meant by ‘political environment’of business?


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