Business Environment Test - 49

The Government's policy towards industries is their establishment, functioning, growth and management.

Economic environment consists of Gross Domestic Product, Income level at national level and per capita level, profit earning rate, fiscal, monetary and industrial policy of govt etc.

Technological condition is a component of general forces that affect the business environment of an enterprise.

A mixed economy is one in which both public and private companies are together, with a certain degree of freedom of expression. However, government intervention is expected to achieve public goals. However, the coexistence of capitalism and socialism.

Identification, Improvement In performance, and coping with rapid changes are all indicators of business environment's importance.

Technological environment includes changes relating to scientific improvement, method of production, use of new equipment and machineries to improve the quality of product etc.

Thus it is an example of technological environment.

Several basic components make up business ethics, such as morals, ethical principles, ethical theories, codes of conduct, values and standards. No one is perfect; it’s normal to make mistakes or to break with ethical principles (at least sometimes).

The Directive Principles of State policy (DPSP) is an 'instrument of instruction' listed in the Indian Government Act, 1935. They strive to create economic and social democracy in the country and are not legally enforced by the courts for their violations. Planning in India also finds its objectives from Directive Principles of State Policy.

The subsidy to cotton textile businesses is a manifestation of the government's role in shaping the economic environment and promoting industrial development.

Privatisation is an economic reform aimed at giving greater role to private sector and limiting the area of public sector in the economy.