'Business environment differs from country to country and even region to region.' Which feature of business environment is highlighted here?

Which of the following is related to economic dimension of business environment?

Considering the economic environment of a business, the components are :

(A) Life expectancy

(B) Inflation

(C) Interest Rate

(D) Consumption Habits

(E) Disposable Income

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Match List-I with List-II

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Expansion of transportation and communication facilities is an example of:

If an Indian firm finds that a foreign multinational is entering the Indian market with new substitutes, it can prepare itself to meet the threat by adopting which of the following measures:

(A) Improving the quality of the products

(B) Reducing cost of production

(C) Engaging in aggressive advertising and making false claims

(D) Upgrading technology

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The importance of the business environment and its understanding by managers can be appreciated if we consider the following facts:

A. It helps in tapping useful resources

B. It helps in coping with rapid changes

C. It helps in assisting in planning and policy formulation

D. It helps in improving performance

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