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Explain the following term/concept. Economic environment. - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Economic environment.

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उत्तर

The economic environment comprises economic conditions, economic policies, and economic systems, basic economic philosophy, infrastructure, national income, money supply, saving stages in economic development and trade cycles.

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अध्याय 7: Business Enviroment - Exercise Q.2 [पृष्ठ १५१]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 7 Business Enviroment
Exercise Q.2 | Q 6 | पृष्ठ १५१

संबंधित प्रश्न

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


Explain any three features of the business environment.


Select the correct option and rewrite the sentence.
Business environment has tremendous impact on __________.


Give one word/phrase/term.
Uncontrollable factors of the business environment.


Give one word/phrase/term.
The environmental of business that includes customs and traditions, values, social trends.


Compete the sentence.
The term of business environment generally refers to __________


Compete the sentence.
Stability and peace in the country includes in _______ Environment.


Select the correct Option 
In how many type environmental factors can be classified?


Select the correct Option 
Which factors of Business Environment regards as controllable?


Explain the following term/concept.

Political environment.


Study the following case/situation and express your opinion.

Anchor company manufacturing light tubes increased expenditure on Scientific Research and Development and discovered a technology that made it possible to produce an energy-efficient light tube that lasts at least twenty times as long as a standard tube. It resulted in the growth and profitability of the company.

  1. Identify the dimension of the business environment.
  2. State importance of the business environment.

Study the following case/situation and express your opinion.

Make in India is an initiative launched by the government of India. It focuses on job creation and skill development and it is in twenty-five sectors of the economy. Under the initiative, brochures on these sectors and web portal were released. The initiative aims at high quality standards and minimizing the impact on the environment. It also seeks to attract foreign capital investment in India.

  1. Identify dimensions of the business environment.
  2. Comment on it.

Attempt the following:

Impact of new economic policy on business and industry.


Which of the following does not characterise the business environment?


According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes single-use items. Ford is recycling over one billion plastic bottles every year to develop elements of the car’s interior, reducing the amount of plastic ending up in a landfill. The American car maker has revealed that their Romanian-built EcoSport SUVs’ carpets are made using 470 recycled single use plastic bottles The process for making Ford EcoSport carpets involves shredding bottles and their caps into tiny flakes and then heating them to 260°C. Identify the related dimension of business environment.


The term 'Business Environment' means the sum total of :


Which option lists both internal and external factors from the diagram provided?


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