Question : Even after opening up of indian economy, foreign companies found it extremely difficult to cut through the bureaucratic and red tapism in government offices. This discourages them from investing in India.
Identify the dimension of environment mention in above para.
Option 1: Social environment
Option 2: Technological environement
Option 3: Political environment
Option 4: All of the above
Correct Answer: Political environment
Solution :
Political environment constitutes all the factor related to governmnet affairs such as type of government in power, attitude of government towards different groups of societies, policy changes implemented by different government etc. Present political system & profile of political leaders. In the above case, Even after opening up of indian economy, foreign companies found it extremely difficult to cut through the bureaucratic and red tapism in government offices. This discourages them from investing in India. Hence, the question discusses about the political dimension of business environment.
Hence, option 3 is the correct answer.
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