Question : Case Study 15:
LMN Ltd. is a manufacturing company that is heavily reliant on fossil fuels for its production processes. Due to increasing concerns about environmental sustainability, the company is facing pressure to adopt eco-friendly practices.
Q:- What is the business environment factor affecting LMN Ltd. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Natural environment
Option 4: Political environment
Correct Answer: Natural environment
Solution : The correct answer is (C) Natural environment
The business environment factor affecting LMN Ltd. in this case is the natural environment. The company is facing pressure to adopt eco-friendly practices due to increasing concerns about environmental sustainability, which is directly related to factors within the natural environment, including ecological and environmental sustainability concerns.
Q:- How can understanding the natural environment benefit LMN Ltd. in adopting eco-friendly practices?
Option 1: By reducing its production volume
Option 2: By increasing product prices
Option 3: By adopting renewable energy sources
Option 4: By diversifying into unrelated businesses
Question : Case Study 7:
ABC Corp. is a manufacturing company that is heavily reliant on fossil fuels for its production processes. Due to increasing concerns about environmental sustainability, the company is facing pressure to adopt eco-friendly practices.
Q:- What is the business environment factor affecting ABC Corp. in this case?
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