Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

The newly appointed Government of a country has created an atmosphere of uncertainty and fear in the country. As a result of which the price of dry fruits has risen. Which feature and dimension of Business Environment is related to above case?

(A) Complexity and Political Environment
(B) Uncertainty and Social Environment
(C) Inter-relatedness and Political Environment
(D) Uncertainty and Political Environment

Choose the correct answer from the options given below.

Options:

(A) and (C) Only

(B) and (D) Only

(C) Only

(C) and (D) Only

Correct Answer:

(C) Only

Explanation:

The correct answer is Option (3) → (C) Only

The given scenario underscores the interconnected nature of the business environment, particularly the relationship between the political and economic aspects. The term "inter-relatedness" accurately captures how changes in the political sphere, such as those initiated by the newly appointed government, can have a direct and consequential impact on the business environment. The resulting atmosphere of uncertainty and fear among the public is a testament to the interplay between political decisions and economic outcomes, exemplified by the rise in dry fruit prices.