Homework Help is Here – Start Your Trial Now!
Business
Management
2. On 8th November 2016, the Government of India announced the demonetization making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past midnight. The Government claimed that the action would curtail the use of illicit and counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on that day after the announcement. The decision was heavily criticized by members of the opposition parties, leading to debates in both houses of Parliament and triggering organized protests against the government in several places across India. People seeking to exchange their bank notes had to stand in lengthy queues, and several deaths were linked to the inconveniences caused due to the rush to exchange cash. After demonetization, the demand for point of sales (POS) or card swipe machines has increased. E-payment options like PayTM has also seen a rise: a) Identify and explain the various dimensions of business environment which relate to the above mentioned case. b) List any through two values that the government seeks to promote through demonetization.

2. On 8th November 2016, the Government of India announced the demonetization making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past midnight. The Government claimed that the action would curtail the use of illicit and counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on that day after the announcement. The decision was heavily criticized by members of the opposition parties, leading to debates in both houses of Parliament and triggering organized protests against the government in several places across India. People seeking to exchange their bank notes had to stand in lengthy queues, and several deaths were linked to the inconveniences caused due to the rush to exchange cash. After demonetization, the demand for point of sales (POS) or card swipe machines has increased. E-payment options like PayTM has also seen a rise: a) Identify and explain the various dimensions of business environment which relate to the above mentioned case. b) List any through two values that the government seeks to promote through demonetization.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question
2. On 8th November 2016, the Government of India announced the demonetization making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past midnight. The Government claimed that the action would curtail the use of illicit and counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on that day after the announcement. The decision was heavily criticized by members of the opposition parties, leading to debates in both houses of Parliament and triggering organized protests against the government in several places across India. People seeking to exchange their bank notes had to stand in lengthy queues, and several deaths were linked to the inconveniences caused due to the rush to exchange cash. After demonetization, the demand for point of sales (POS) or card swipe machines has increased. E-payment options like PayTM has also seen a rise: a) Identify and explain the various dimensions of business environment which relate to the above mentioned case. b) List any through two values that the government seeks to promote through demonetization.
Transcribed Image Text:2. On 8th November 2016, the Government of India announced the demonetization making all 500 and 1000 rupee bank notes of Mahatma Gandhi Series invalid past midnight. The Government claimed that the action would curtail the use of illicit and counterfeit cash to fund illegal activity and terrorism. The BSE SENSEX and NIFTY 50 stock indices fell over 6 percent on that day after the announcement. The decision was heavily criticized by members of the opposition parties, leading to debates in both houses of Parliament and triggering organized protests against the government in several places across India. People seeking to exchange their bank notes had to stand in lengthy queues, and several deaths were linked to the inconveniences caused due to the rush to exchange cash. After demonetization, the demand for point of sales (POS) or card swipe machines has increased. E-payment options like PayTM has also seen a rise: a) Identify and explain the various dimensions of business environment which relate to the above mentioned case. b) List any through two values that the government seeks to promote through demonetization.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS