Question

In accordance with the economic planning, the government of India gave a lead role to the public sectors for infrastructure industries whereas the private sectors was broadly given the responsibility of developing consumer goods industry. At the same time, the government imposed several restrictions, requisitions and controls on the working of private sector enterprises. Identify the dimensions of business environment highlighted above.

a. Economic environment
b. Legal environment
c. Political environment
d. All of the above.​

Answer 1

Answer:

political environment

Answer 2

After identifying the dimensions of the business environment highlighted is b. legal environment.

• The legal environment is one that is being highlighted as it involves government imposing several restrictions, requisitions and controls on the working of private sector enterprises.
• The legal environment is the part of the external environment of the business. The external environment of a business is one that is not controlled by the business but any changes in them affects the working and functioning of the business indirectly.