BUSINESS ENVIRONMENT CHALLENGE

123456789101112131415
Across
  1. 1. (9 letters): A group of specific environmental factors whose demand for goods like houses and cars is notably boosted by lower interest rates.
  2. 3. (9 letters): A characteristic of the business environment implying that predicting the exact nature and timing of changes is inherently challenging, creating risk for firms.
  3. 6. (14 letters): A significant economic measure discussed, which led to a decline in private wealth and an increase in digitalisation, and is also an example of an economic factor triggering technological changes.
  4. 9. (5 letters): The dimension of the business environment that includes constitutional provisions and adherence to various acts such as the Companies Act, as well as government regulations and court decisions.
  5. 10. (13 letters): This environment is concerned with forces relating to scientific advancements, new production methods, and modern payment mechanisms like UPI, impacting production, products, and marketing.
  6. 11. (9 letters): This environmental dimension profoundly impacts business confidence, largely through the prevailing government's stability and disposition.
  7. 12. (7 letters): The type of payment businesses are increasingly encouraging in a push towards a "less cash" economy, offering both convenience and transparency.
  8. 14. (7 letters): A prominent social trend that has led to a noticeable increase in demand for organic and low-fat food options.
  9. 15. (5 letters): The strategic advantage gained by firms that are quick to identify and capitalise on opportunities presented by the external environment, as exemplified by Maruti's market entry.
Down
  1. 2. (7 letters): The ultimate challenge for businesses that fail to adapt proactively to shifts in their external operating conditions, as highlighted by the importance of respecting cultural values.
  2. 4. (8 letters): This term describes the encompassing nature of the business environment, representing all external forces collectively affecting a business.
  3. 5. (8 letters): The banking policy of the Government, primarily overseen by the R.B.I., which influences money supply through mechanisms like changes in the bank rate.
  4. 7. (9 letters): An efficient system within the social environment that contributes both a skilled workforce and more informed consumers to businesses.
  5. 8. (12 letters): A defining feature of the business environment, exemplified by how an economic policy change led to a surge in digital transactions, where a change in one component triggers changes in others.
  6. 13. (9 letters): An economic factor that simultaneously increases the cost of inputs for businesses while reducing consumer demand for their products.