Across
- 1. (9 letters): A group of specific environmental factors whose demand for goods like houses and cars is notably boosted by lower interest rates.
- 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.
- 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.
- 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.
- 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.
- 11. (9 letters): This environmental dimension profoundly impacts business confidence, largely through the prevailing government's stability and disposition.
- 12. (7 letters): The type of payment businesses are increasingly encouraging in a push towards a "less cash" economy, offering both convenience and transparency.
- 14. (7 letters): A prominent social trend that has led to a noticeable increase in demand for organic and low-fat food options.
- 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
- 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.
- 4. (8 letters): This term describes the encompassing nature of the business environment, representing all external forces collectively affecting a business.
- 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.
- 7. (9 letters): An efficient system within the social environment that contributes both a skilled workforce and more informed consumers to businesses.
- 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.
- 13. (9 letters): An economic factor that simultaneously increases the cost of inputs for businesses while reducing consumer demand for their products.