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प्रश्न
Justify the following statement:
Adequate knowledge of rules and regulations is essential for better business performance.
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उत्तर
- Any business in a country can be started, regulated, and controlled within the legal framework of a country.
- A separate set of laws are framed by all countries to control and direct the business affairs.
- Knowledge of law, rules, and relegations helps the business managers to take a prompt decision in making business policies.
- Various laws are implemented for influencing the business, protect and safeguard the business, as well as the consumers.
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संबंधित प्रश्न
Why it is important for business enterprises to understand their environment? Explain.
Why is management considered as a science?
Correct the underlined word and rewrite the following sentence.
Natural resources are related to political environment.
Distinguish between the following.
Political Environment and Legal Environment.
Which of the following best indicates the importance of business 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.
In the context of the above given case, identify one valid importance of Business Environment.
Which of the following best indicates the importance of the business environment?
Which of the following points state that success of a business is significantly influenced by its environment?
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.
In the context of the above given case, identify one valid importance of Business Environment.
Assertion (A): The business environment helps in understanding the threats which are likely to happen in the future.
Reason (R): Environmental awareness can help managers to identify various threats on time and serve as an early warning signal
| “Dolma’ and ‘Una’ were gardeners with decades of hands-on experience. They were the first ones to recognise the need of indoor gardens specially for plant-lovers living in apartments. They took advantage of this opportunity and decided to offer beautiful designing ideas for indoor gardening through their innovative venture ‘My Space’. ‘My Space’ offered creative ideas like ‘Garden wall’, "Hanging Garden', ‘Window Garden’, “Book-shelf garden’ and many more. Since there were no competitors they soon became the market leaders in the field. |
From the following points, identify the importance of Business-Environment high lighted above:
An awareness of business environment enables an enterprise to take advantage of early opportunities instead of losing them to competitors.
Which benefit of understanding the business environment is highlighted in the above statement?
Which of the following is considered an external factor in the business environment?
What is the main benefit for businesses that understand the factors in their environment?
Which aspect helps a company compete effectively with other firms?
Which of the following aspects focuses on shaping a company’s reputation through its activities and decisions?
