Question

Q13.Ultra Paint Co. which is manufacturing paints has been enjoying a prominent
market position as it manufactured best quality paints, made timely payment of
taxes to government. It assembled various inputs like finance, machines, raw
materials, etc. from its environment. But since last year it has been dumping its
untreated poisonous waste on the river bank which has created many health
problems for the people. As a result, the court passed an order to seal the
manufacturing unit of the company.
1. State the importance of business environment highlighted quoting the line from the
above case.
2. Identify any two dimensions of business environment mentioned in the above case by
quoting lines fro-ordinationm it.​

Answer 1

Answer:

business environment helps in tapping useful resources.

‘it assembled various inputs like finance, machines, etc. from its environment’.

(1) Social environment

‘….it has been dumping its untreated poisonous waste on the river bank which created many health problems for the people'.

(2) Legal environment

‘….the court passed an order to seal the manufacturing unit of the company’.

Values overlooked:

Environment protection.

Concern for human life.

Respect for law and order.

Social responsibility.