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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
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 process of transferring ownership of business enterprise, agency or public service from the public service to private sector.
State whether the following statement is True or False.
External factors of business environment are controllable factors.
Compete the sentence.
The term of business environment generally refers to __________
Literacy is the important part of ______ Environment.
Compete the sentence.
Stability and peace in the country includes in _______ Environment.
Correct the underlined word and rewrite the following sentence.
External factors of business environment are controllable.
Explain the following term/concept.
Economic environment.
Justify the following statement:
Political stability builds up confidence among business people.
Attempt the following:
Political 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?
Match the FEATURES of Business Environment in Column I with the appropriate EXPLANATION in Column II.
| Column I | Column II | ||
| (a) | Complexity | (i) | Very difficult to predict future happenings |
| (b) | Specific forces | (ii) | Easier to understand in parts but difficult to grasp in its totality |
| (c) | Uncertainty | (iii) | Affect individual enterprises directly and immediately |
Which of the following statements is incorrect?
The term 'Business Environment' means the sum total of :
Which of the following statement is incorrect:
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'?
What does adapting to changes in the business environment mainly help a business achieve?
