PNB took over 'Oriental Bank of Commerce' and 'United Bank of India' to become the Country's second largest lender. _________ dimension of Business environment is exhibited by above. |
Technological Environment Political Environment Legal Environment Economic Environment |
Economic Environment |
The correct answer is Option (4)- Economic Environment. The dimension of the business environment exhibited by the scenario is economic environment. The takeover of 'Oriental Bank of Commerce' and 'United Bank of India' by PNB reflects a significant change in the economic landscape, particularly within the banking sector. The economic environment refers to the conditions and factors that affect the functioning of businesses and organizations within an economy. It encompasses various aspects related to the economic system, Some Components of Economic Environment are as follows- * Existing structure of the economy in terms of relative role of private and public sectors. |