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प्रश्न
Explain the following term/concept.
Business environment.
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उत्तर
(I) Business environment refers to the external environment which includes factor outside the business leading to opportunities or threats of the business.
According to Bayard O. Wheeler
(II) “The total of all things external to firm and industries which affect their organization and operations is called as “Business Environment”.
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संबंधित प्रश्न
Why is the understanding of business-environment important for managers? Explain with the help of any four points
Explain any three features Business Environment
Select the correct option and rewrite the sentence.
The new Industrial policy was formulated in __________.
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 |
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Which of the following is the feature of Business Environment?
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| 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 option lists both internal and external factors from the diagram provided?
