Which of the following is part of the Economic Environment?

"Dependence on technological gadgets is comparatively higher in America than in India". Which feature of business environment is highlighted by the statement?

The statement true in the context of Economic Environment is/are:

(A) Shifts in demand from vacuum tubes to transistors, from fountain pens to ballpoint, from propeller airplanes to jets, have all been responsible and creating new businesses.

(B) High inflation rates generally result in constraints on businesses as they increase the various costs of business such as the purchase of raw materials or machinery and payment of wages and salaries to employees.

(C) A rise in the disposable income of people due to an increase in the gross domestic product of a country creates an increasing demand for products.

(D) The health-and-fitness trend has become popular among numerous urban dwellers. This has created a demand for products like organic food, gyms, bottled (mineral) water and food supplements.

Choose the correct answer from the options given below:

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

Choose the correct answer from the options given below:

The components of the Economic Environment are:

(A) Expansion of transportation and communication facilities

(B) Money supply in the economy

(C) Public debt (internal and external)

(D) Planned outlay in private and public sectors

Choose the correct answer from the options given below:

"India's craft heritage is surviving because of its customs and tradition." Identify the dimension of the business environment.

"A change in food habits i.e. shift towards packaged food, due to the ongoing trend" is related to which dimension of the business environment.