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.
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