Question : Case Study 8:
JKL Ltd. is a retail company operating in a country that recently went through a demonetization process. The company is facing challenges due to changes in consumer spending behavior.
Q:- What is the business environment factor affecting JKL Ltd. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Political environment
Option 4: Legal environment
Correct Answer: Economic environment
Solution : The correct answer is (A) Economic environment
The business environment factor affecting JKL Ltd. in this case is the economic environment. The company is facing challenges due to changes in consumer spending behavior brought about by the recent demonetization process in the country. Economic conditions, including changes in the currency and consumer spending patterns, are part of the economic environment.
Q:- How can understanding the economic environment help JKL Ltd. in dealing with changes in consumer spending behavior after demonetization?
Option 1: By expanding into new markets
Option 2: By adopting cashless payment options
Option 3: By increasing product prices
Option 4: By diversifying into unrelated businesses
Question : Case Study 16:
JKL Enterprises is a retail company that is facing challenges due to changes in consumer preferences and lifestyle trends.
Q:- What is the business environment factor affecting JKL Enterprises in this case?
Option 3: Social environment
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