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प्रश्न
Explain the following term/concept.
Globalisation
Explain the meaning of globalisation.
What is globalisation?
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उत्तर
- The process of integrating a nation’s economy with the global economy through the free flow of capital, information, technology, goods, and services across national boundaries is known as globalisation. It fosters worldwide trade, investment, and communication by establishing a “global village” where social, cultural, and economic connections are more intertwined and interdependent.
- The world has become increasingly interconnected and interdependent due to globalisation, which has been fuelled by developments in communication, transportation, technology, and the removal of trade barriers.
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संबंधित प्रश्न
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) Globalization | 1) Profit motive |
| B) Privatization | 2) 2006 |
| C) Liberalization | 3) Borderless economy |
| D) New economic policy | 4) Service Motive |
| E) Social Environment | 5) Internal factor |
| 6) Disinvestment | |
| 7) Social Values | |
| 8) 1991 | |
| 9) Abolishing license policy | |
| 10) GATT |
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 __________
Select the correct Option
In how many type environmental factors can be classified?
Correct the underlined word and rewrite the following sentence.
External factors of business environment are controllable.
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.
- Identify dimensions of the business environment.
- Comment on it.
Which of the following does not characterise the business environment?
Business environment is a group of powers.
Read the following text and answer the following questions 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.
The term 'Business Environment' means the sum total of :
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. |
Which of the following is an example of an external factor in the business environment?
What does adapting to changes in the business environment mainly help a business achieve?
Which factors are within the control of the business?
Which factors are outside the control of the business?
Difficulty in predicting changes in the environment is known as:
Which feature means that the impact of the environment differs from firm to firm and country to country?
