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प्रश्न
Attempt the following:
Political Environment.
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उत्तर
Political dimensions or environment includes the country’s political system or its ideologies or condition i.e. dictatorship or democracy or communist government or socialistic government.
It indicates the general stability and peace in the country and att1tude 0f the elected government representatives towards business.
Political stability builds up confidence among business people to invest in long term projects for the growth of the economy.
In India we have adopted a mixed economy and growth rate often remains moderate. Indian political system comprises three vital institutions like Legislature, Government, and Judiciary.
(1) Legislature: the legislature is a very powerful force that decides the nature of the business, programs, project for the development of the country through policy-making, lawmaking, budget approving, etc.
(2) Government: The framework of policies are implemented by the government which affects the business organization to undertake the responsibilities of the society.
(3) Judiciary: It determines the work of executives to carry out the policies in a systematic manner, in order to settle the relationship between citizens and the government.
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संबंधित प्रश्न
State any three points of importance of business environment.
Beni, after completing her MBA, took up a job with a multinational company named 'Fortio'. The company was paying good salary and perks to its employees. The wages were within the paying capacity of the company the provided the employees a reasonable standard of living. The company also had a good work-culture and the behaviour of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours, she did not have time to cook her meal. She had to depend upon outside food, which was deteriorating her health. She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home-cooked food. She identified this as a great opportunity and decided to give up her job to supply packaged home-cooked food to office goers at a reasonable price. At the end of the day, she was also distributing the left-over food in the nearby night-shelters
a. State the dimension of the business environment being discussed above.
b. State the principle of management being followed by 'Fortio'.
c. Identify any two values being communicated by the company to the society in the
above case.
What is included in the 'political environment' of business? State.
Why is the understanding of business-environment important for managers? Explain with the help of any four points
What is included in the 'Legal environment' of business? State.
What is included in ‘Technological Environment’ of business? State.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) Internal environment | 1) Knowledge of law |
| B) Political environment | 2) Taxation policy |
| C) Legal environment | 3) Technology |
| D) Economic environment | 4) Traditions |
| 5) WTO | |
| 6) Controlled by business | |
| 7) High cost | |
| 8) Ideology of political party |
Give one word/phrase/term.
The environmental of business that includes customs and traditions, values, social trends.
State whether the following statement is True or False.
External factors of business environment are controllable factors.
State whether the following statement is True or False.
Business is the product of different environmental factors.
Select the correct Option
Which factors of Business Environment regards as controllable?
Explain the following term/concept.
Business environment.
Answer the following.
What is the business environment? Explain the importance of the business environment.
Which of the following does not characterise the business environment?
Which of the following is not a part of the business environment of business?
Which of the following are the characteristics of business environment?
Which of the following statements is incorrect?
Match the FEATURES of Business Environment in Column I with the appropriate EXPLANATION in Column II.
| Column I | Column II | |
| (i) | Complexity | Very difficult to predict future happenings. |
| (ii) | Specific forces | Easier to understand in parts but difficult to grasp in its totality. |
| (iii) | Uncertainty | Affect individual enterprises directly and immediately. |
Which option lists both internal and external factors from the diagram provided?
What is identified as a major benefit of understanding the business environment?
