Question

Goodwill Enterprises is a large-scale automobile manufacturer who fulfills the needs of both industrial users and consumers. The company is providing easy finance facilities at a low rate of interest, which has considerably increased the demand for the product. The company has installed new branch management software to efficiently manage and coordinate activities across their multiple branches and locations.

Identify the components of the business environment from the above case study.

पर्याय

• Political and economic environment.

• Economic and social environment.

• Technological and legal environment.

• Economic and technological environment.

Answer 1

Economic and technological environment.

Explanation:

• The economic environment is reflected in the company's provision of easy financing, influencing demand.
• The technological environment is highlighted by the installation of new branch management software to improve coordination and efficiency.