lately many companieshave planned for significant investment in organised retailing in india.several factors have promoted their decision in the regards.
customers income rising .people have developed a taste for better quality products even though they may hav to pay more .the aspiration levels have increased . the goverment has also librelised its econimic policies in this regards and permitted even cent percent foreign direct investment in some sectors of retailling .
Q) identify changes in business enviorment under diffrent heads- economic . social, technological,political and the legal that have facilitated the companies decision to plan significant investment in organised retailing .
Q) what has been the impact of these changes with regards to gobalistaion and privitisation ??
Changes in business environment that have facilitated the companies decision to plan significant investment in organised retailing can be categorised under the following heads.
Economic - Rise in customers income.
Social - Change in taste in favor of better quality products, rise in aspiration levels.
Political -Liberalisation of economic policy.
Legal - 100% FDI in some sectors of retailing.
Answer to the second question can be framed from Q5 Short Answers. Visit the link mentioned below and then select Q5.