Question

O Political dimension
5. DigiLocker is the country's first secured cloud-based platform for the storage, issuance and
verification of documents with the Driving Licence & Vehicle Registration System of the Road
Transport Ministry. The integration a government department with DigiLocker since its launch
last year is one of the biggest of its kind. It will spare 1 people the trouble of carrying licences &
vehicle papers, which can be accessed on phones using the DigiLocker app. Identify the related
dimension of business environment. *
(1 Point)
Economic dimension
O Technological dimension
Social dimension
ОО
O Political dimension

Answer 1

Answer:

O Political dimension

5. DigiLocker is the country's first secured cloud-based platform for the storage, issuance and

verification of documents with the Driving Licence & Vehicle Registration System of the Road

Transport Ministry. The integration a government department with DigiLocker since its launch

last year is one of the biggest of its kind. It will spare 1 people the trouble of carrying licences &

vehicle papers, which can be accessed on phones using the DigiLocker app. Identify the related

dimension of business environment. *

(1 Point)

Economic dimension

O Technological dimension

Social dimension

ОО

O Political dimension

Answer 2

Answer:

The correct answer is option B

Explanation:

• Dimension of the business environment involves the ‘Micro and Macro’ environment. Micro environment means small or pertaining to one item in the environment. It refers to those internal and external factors, which exercise a direct influence on the working and performance of an individual business organization. A micro environment is also called a Direct Section Environment or Task Environment. Micro environment may be classified into two broad categories: internal and external factors.
• Whereas Macro environment refers to the general environment or remote environment under which a business enterprise and forces in its micro environment operate. The macro environment is not interacted with regularly or directly by any enterprise. The forces of micro environment create opportunities for the organization and pose threats to the company. The micro environment forces are less controllable than the micro forces. The macro environment consists of the following components- economic, social, technological, political, and legal environments. We will be studying all these components in detail.

1. Economic Environment:

It refers to all these forces that have an economic impact on business activities. For example, the rise in interest rate increases the production cost due to an increase in the price of raw materials and wages.

2. Social Environment:

• The social environment of a business involves customs, cultures, and traditions that have lasted for many years. Any change in the social environment will affect the demand for a product, supply of labour, and capital. Business is a part of the society in which it operates, and cooperation between business enterprises and society will see a boom, and will help in the growth of the enterprise.  For example, in India, various festive occasions, like Holi, Diwali, Eid, Christmas, New year, etc., provide lots of opportunities for manufacturing greeting cards and  sweets, producing garments, and many other businesses and services. Social trends usually provide various opportunities and also threats to business enterprises, like at present there has been a health-conscious and fitness trend, especially amongst urban people that has brought in lots of change in this system.

3. Technological Environment:

• The technological environment of a business refers to the broad features of science and technology in which a business enterprise operates. It includes forces relating to innovation and scientific development, which provides a newer base for producing goods and services, and also effective methods and techniques for operating a business enterprise. Now it is very common to see that retailers have a direct link with the suppliers who update their stocks when needed. By using the internet, people can look for flight timings, destinations, and fairs and book tickets online. Technological development has made it possible to book railways tickets from home or office at a convenient time instead of standing in queues at the railway booking counters, and today almost all commercial banks have started internet banking services whereby account holders can view their account at any point in time. Technological advance creates new methods of production and production techniques. Therefore, a business enterprise must be adaptable to new technology for its survival.    
• For example, LED replace the CRT monitors, and computers with multiple word processors replace the single word processors. Digital watches have killed the business of traditional watches.

4. Political Environment:

• It refers to the broad features of the political system in which a business enterprise operates, including political conditions such as general stability and peace in the country, and specific attitudes that the elected government representatives hold towards the business enterprise. These forces significantly affect the day-to-day functioning of the business enterprise.
• For example, after opening up the economies in the 90s, the government of India allowed MNCs to boost the various types of industries, namely food processing industries like Pepsi Coca. IT companies have found Hyderabad, Bangalore, Chennai, Pune, Noida, Kolkata, etc., to be the most suitable locations primarily due to the supportive political environment in these cities.

5. Legal Environment:

• It refers to the broad features of the legislature in which a business enterprise operates, including various legislations, which are placed and passed by the government in the parliament or state legislature. It also involves administrative orders issued by the government authorities, and courts, and also on recommendations made by the various committees.
• For example, the Companies Act, Consumer Protection Act, Trademark Act, Trade Union Act, etc. These acts have been passed by the parliament, which have to be followed by all organizations.

Reference link

• https://brainly.in/question/41957230