BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The organic food market in India is growing at 25-30 per cent which reflects a clear shift in consumer tastes and preferences. The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online. In context of the above case:1. Identify the features of business environment being referred to here.
A
Dynamic nature
B
Inter relatedness
C
Relativity
D
complexity
Explanation: 

Detailed explanation-1: -2. What is the India organic food market growth? According to the estimates by IMARC Group, the organic food market in India is expected to grow at a CAGR of 23.8% during 2023-2028.

Detailed explanation-2: -The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online.

Detailed explanation-3: -Consumers are becoming more health-conscious owing to the harmful effects caused by the presence of chemical pesticides in food products. The toxicity of chemical pesticides in food products can cause cancer, hormone disruption, and birth defects.

There is 1 question to complete.
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