Advertisements
Advertisements
Question
The government has recently announced the opening of multibrand retail to foreign direct investment. Which dimension of change in Business Environment does this represent?
Options
Social environment
Legal environment
Political environment
Economic environment
MCQ
Advertisements
Solution
Economic environment
Explanation:
The government's decision to allow Foreign Direct Investment (FDI) in multi-brand retail directly affects the economic framework of the country. It influences:
- Investment inflow from foreign companies
- Market competition
- Business opportunities and growth
All these are components of the economic environment, which includes changes in government economic policies, industry regulations, taxation, trade, and investment-related decisions.
shaalaa.com
Is there an error in this question or solution?
