Give any two examples of the impact on business organisations due to change in economic environment.
Impact of Economic Environment on Business: The following are the chief examples of the impact of economic environment on business:
(i) After reforms were introduced in the banking sector, the bank loans were allowed on easy terms. It also led to better services. It helped really fast development of business.
(ii) The change in the economic environment resulted in the establishment of Leasing Companies, Mutual Funds and Venture Capital Business.
Write three impact of political environment on business.
Write two impacts of legal-regulatory environment on business.
Give two examples of the impact on business organisations of changes in social environment.
What is meant by ‘political environment’of business?
