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

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प्रश्न

Explain the following term/concept.

Political environment.

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उत्तर

  1. Government and its policies affect business firms.
  2. It includes stability and peace in the country, specifically attitudes of elected representatives. The ideology of the political parties influences the business organization and attitudes of government officials towards business has an impact on business.
  3. It comprises .three vital institutions like Legislature, Government, and Judiciary.
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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 7 | पृष्ठ १५१

संबंधित प्रश्न

What is included in the 'Legal environment' of business? State.


Explain any three features Business Environment


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Uncontrollable factors of the business environment.


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The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.


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A boundary less worlds where there would be flow of goods, services, information, capital and people across nation.


State whether the following statement is True or False.
Business is the product of different environmental factors. 


Correct the underlined word and rewrite the following sentence.

External factors of business environment are controllable.


Explain the following term/concept.

Economic 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?


"The shift of demand from soft drinks to juices is an opportunity for juice companies and threat for soft drink companies." Identify the feature of business environment:


"The increase in the demand for many ayurvedic medicines, health products and services in the past few months, is related to the need for building immunity and an increased awareness for health care due to the spread of Corona Virus." Identify the feature of business environment being described above.


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


"The components of business environment keep on changing due to changes in various circumstances." This shows that business environment is ______.


Which of the following statement is incorrect:


Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future?


Which among the following best defines 'Business Environment'?


Which of the following is an example of an external factor in the business environment?


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


What is identified as a major benefit of understanding the business environment?


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