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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


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

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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