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प्रश्न
Study the following case/situation and express your opinion.
Just after the declaration of the Lok Sabha 2014 result, the Bombay Stock Exchange Sensex rose by 1000 points in a day.
- Identify the environmental factor which led to this rise giving a reason.
- Explain any two other dimensions of the environment.
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उत्तर
- The rise in the stock market index (Sensex) is the economic environment. But it has done due to the political environment (Lok Sabha Election Results)
- Two other dimensions of the environment are:
- Legal environment: Businesses must follow labour, environmental, and trade laws in this dimension. Laws affect corporate operations and maintain fairness.
- Technological environment: Technological advances and innovations alter how firms produce, deliver, and compete. Technology updates help organisations react to market changes and increase productivity.
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संबंधित प्रश्न
What is meant by 'business environment'?
What is included in the 'Legal environment' of business? State.
What is included in ‘Technological Environment’ of business? State.
Give one word/phrase/term.
Uncontrollable factors of the business environment.
Give one word/phrase/term.
The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.
Compete the sentence.
______________ helps the business enterprise for overcoming challenge successfully.
Literacy is the important part of ______ Environment.
Compete the sentence.
Stability and peace in the country includes in _______ Environment.
Select the correct Option
Which factors of Business Environment regards as controllable?
Explain the following term/concept.
Social environment.
Explain the following term/concept.
Political environment.
Read the following text and answer the following question on the basis of the same:
The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine-free Coca-Cola, Diet Coke Caffeine-free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design, and creative advertising.
Identify the feature of Business Environment which The Coca-Cola Company managed to get in their favour.
Which of the following is not a part of the business environment of business?
Twinkle Stars' is a well-known resort for organizing parties, especially for children. However, in past 6 months its popularity has reduced considerably as a new resort with better ambience and facilities has opened within its vicinity. Name the related feature of business environment which has influenced the business of ‘Twinkle Stars’ adversely.
The term 'Business Environment' means the sum total of :
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. |
Assertion (A): Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones.
Reason (R): Business environment is dynamic, i.e., it keeps on changing in consumer preferences.
Which among the following best defines 'Business Environment'?
Which of the following is an example of an external factor in the business environment?
