Aiming to revive Jammu and Kashmir's attraction as a top location for film shooting the J&K film policy, 2021 offers a host of incentives to the filmmakers, such as subsidies and low long term interest rates, for films with patriotic and certain other themes shot in J&K. for giving work opportunities to local artistes, etc. This will have an impact on business enterprises in the state. Which component of business environment is highlighted above:
(a) Specific and general forces (b)
Technological environment
(c) Economic environment (d)
Totality of external forces:
Answers
Answer:
(c) Economic environment
Answer:
The correct option is (c) Economic Environment.
Explanation:
Economic Environment-
All economic elements that have an impact on consumer and business behaviour collectively constitute the economic environment. The immediate marketplace and the larger economy's exterior influences make up the economic environment. These elements may have an impact on a company's operations and potential success.
For a farmer, the weather , the subsidy and the cost of fertiliser are the crucial considerations.
Factors of Economic Environment-
Microeconomic:
- The microeconomic environment describes events that take place at the level of a specific company or consumer.
- The entire economy is not impacted by microeconomic variables. A firm may be impacted by the microeconomic issues listed below: Competitors and Demand.
Macroeconomic:
- On the other hand, the macroeconomic environment refers to factors that have an impact on the overall economy.
- The general or broad economic factors that macroeconomics studies include: Unemployment and Inflation.
Hence, from the above discussion we can conclude that , business people have no control over the economy. Before determining whether to go on with a plan or project, companies can assess market circumstances.
#SPJ3