RBI declared lower interest rates on housing loans.
(a) Name the component of business environment.
(b) Explain the identified concept.
Answers
Answer:
Components of Business Environment – Economic Environment, Technological Environment, Social Environment, Demographic Environment and a Few Others. The general environment of an organisation is made up of vital components such as economic, technological, social, demographic, political and legal and global forces.
Explanation:
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Answer:
a) If there is a decline in interest rates on housing loans by RBI, then the component of business environment so involved is Economic Environment. This is because economic environment comprises of the economic variables such as interest rates, income, stock market indices, etc
b) decline in interest rates on housing loans declared by RBI name the component of business environment. ... This is because economic environment comprises of the economic variables such as interest rates, income, stock market indices, etc.