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

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प्रश्न

Explain the following term/concept.

Social environment.

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उत्तर

  1. Modern business is a social system in itself and forms a part of the larger social system represented by society in general.
  2. The class structure of a society affects the business. Such as occupation of the people, their education, income level, social status, attitude towards living, work, and social relationship.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
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 5 | पृष्ठ १५१

संबंधित प्रश्न

What is meant by 'business environment'?


Beni, after completing her MBA, took up a job with a multinational company named 'Fortio'. The company was paying good salary and perks to its employees. The wages were within the paying capacity of the company the provided the employees a reasonable standard of living. The company also had a good work-culture and the behaviour of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours, she did not have time to cook her meal. She had to depend upon outside food, which was deteriorating her health. She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home-cooked food. She identified this as a great opportunity and decided to give up her job to supply packaged home-cooked food to office goers at a reasonable price. At the end of the day, she was also distributing the left-over food in the nearby night-shelters

a. State the dimension of the business environment being discussed above.
b. State the principle of management being followed by 'Fortio'.
c. Identify any two values being communicated by the company to the society in the
above case.


Explain any three features of the business environment.


Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.


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

State whether the following statement is True or False.
External factors of business environment are controllable factors. 


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


State whether the following statement is True or False.
Business and environment are inseparable parts.


Compete the sentence.
______________ helps the business enterprise for overcoming challenge successfully.


Attempt the following:

Impact of new economic policy on business and industry.


Which of the following does not characterise the business environment?


Which of the following does not characterise the business environment?


Which of the following is not a part of the business environment of business?


Any kind of external devices, like compact discs (CD’s) for computers, have become obsolete. Google, with its Google Drive service, Apple with its icloud offering, enables the users store documents, photos, music and movies on web-based servers. Identify the feature of business environment being described in the above lines.


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


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?


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


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