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Due to enforcement of euro VI emission norms an automobile company had to phase out one of its model identify the dimensions of environment highlighted in the given statement?
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Due to enforcement of euro VI emission norms an automobile company had...
Dimensions of Environment Highlighted in the Given Statement:

1. Legal Environment:
The enforcement of euro VI emission norms is a legal requirement that the automobile company had to comply with. The norms were implemented by the government to reduce environmental pollution caused by automobiles.

2. Technological Environment:
The implementation of euro VI emission norms required the use of advanced technology in automobile manufacturing. The automobile company had to develop new technology or modify the existing one to meet the emission standards.

3. Economic Environment:
The phasing out of one of the company's models may have impacted its sales and revenue. The development of new technology or modification of existing technology may have increased the production cost, thereby affecting the company's profitability.

4. Social Environment:
The enforcement of euro VI emission norms is a result of growing concern among people about environmental pollution. The company's compliance with the norms may have improved its image among socially conscious customers.

Explanation:

The given statement highlights the impact of enforcement of euro VI emission norms on an automobile company. The dimensions of the environment highlighted in the statement are legal, technological, economic, and social. The enforcement of the emission norms is a legal requirement that the company had to comply with. Compliance required the company to develop new technology or modify the existing one, which is a technological aspect. However, the development of new technology or modification of existing technology may have increased the production cost, impacting the company's profitability, which is an economic aspect. The enforcement of the euro VI emission norms is a result of growing concern among people about environmental pollution, highlighting the social aspect. The company's compliance with the norms may have improved its image among socially conscious customers.
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Due to enforcement of euro VI emission norms an automobile company had to phase out one of its model identify the dimensions of environment highlighted in the given statement?
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Due to enforcement of euro VI emission norms an automobile company had to phase out one of its model identify the dimensions of environment highlighted in the given statement? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Due to enforcement of euro VI emission norms an automobile company had to phase out one of its model identify the dimensions of environment highlighted in the given statement? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Due to enforcement of euro VI emission norms an automobile company had to phase out one of its model identify the dimensions of environment highlighted in the given statement?.
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