Question

Electric vehicles with zero tail pipe emission are emerging as a good alternative to ‘problems like climate change, surging pollution leading to ill health, crude import bill and energy security. Identify the related dimensions of business environment.

Options

• Economic dimension, Legal dimension and Technological dimension

• Social dimension, Political dimension and Economic dimension

• Economic dimension, Technological dimension and Social dimension

• Social dimension, Political dimension and Legal dimension

Answer 1

Economic dimension, Technological dimension and Social dimension

Explanation:

The case of electric vehicles (EVs) highlights multiple aspects of the business environment:

1. Economic Dimension:
   • EVs help reduce crude oil import bills and contribute to energy security.
   • They also open up new economic opportunities in the automobile and energy sectors.
2. Technological Dimension:
   • EVs represent advanced, clean technologies designed to reduce emissions.
   • Innovations in battery technology, charging infrastructure, and vehicle design are key here.
3. Social Dimension:
   • EVs help combat climate change and pollution, which directly impacts public health.
   • Growing environmental awareness and demand for sustainable alternatives reflect a shift in societal attitudes.