Read the passage and answer the following questions. India's craft heritage is a reflection of its rich customs and traditions, deeply rooted in centuries of artistic excellence. The handicraft industry plays a significant role in the economy, offering immense potential for improving the balance of payments and earning foreign exchange earnings through exports. Understanding the business environment is crucial to charting a future course of action that supports artisans while promoting Indian advantages globally. In line with the Prime Minister's vision, the industry should be extended by linking traditional crafts with modern technology. Focus must be laid on changing the manufacturing process to ensure durability, meet global standards and foster innovation. This approach can open new markets and opportunities, boost India's soft power abroad, strengthen the sector that not only presences its heritage but also creates employment & sustainable livelihood. |
"India's craft heritage is surviving because of its customs and tradition. Identify the dimension of the business environment. |
Economic Social Legal Technical |
Social |
The correct answer is option 2- Social. Social dimension is highlighted in the given statement. The statement "India's craft heritage is surviving because of its customs and tradition" highlights the role of customs, traditions, values, and culture, all of which are part of the Social Environment of business. Since India's craft heritage is being preserved due to cultural and traditional values, this clearly reflects the Social Dimension. The social environment of business include the social forces like customs and traditions, values, social trends, society’s expectations from business, etc. Traditions define social practices that have lasted for decades or even centuries. Major Elements of Social Environment- |