BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

PRINCIPLES AND PRACTICE OF MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The organic food market in India is grow 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. Which dimension of business environment is highlighted here?
A
Economic Environment
B
Social Environment
C
Political Environment
D
Technological Environment
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: -These food products do not use any food additives or industrial solvents. The organic food market covered in this report is segmented by product type into organic meat, poultry & dairy, organic fruits & vegetables, organic bread & bakery, organic beverages, organic processed food, and other organic products.

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