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What is Included in the 'Legal Environment' of Business? State. - Business Studies

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प्रश्न

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

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उत्तर

The legal environment includes the framework of legislation and rules impacting the business. It is framed by the Parliament and passed by the government such as the Companies Act, 1956, Industries Dispute Act, 1947, and Trade Union Act, 1926.

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2013-2014 (March) All India Set 2

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संबंधित प्रश्न

What is meant by 'business environment'?


Explain any three features Business Environment


Name any two Specific forces of business environment affecting business.


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. 


Compete the sentence.
The term of business environment generally refers to __________


Literacy is the important part of ______ Environment.


Compete the sentence.
Stability and peace in the country includes in _______ Environment.


Correct the underlined word and rewrite the following sentence.
Internal factors of business are beyond control.


Answer in one sentence:
Which factors are included in internal environment?


Explain the following term/concept.

Globalisation


Explain the following term/concept.

Political environment.


Study the following case/situation and express your opinion.

Anchor company manufacturing light tubes increased expenditure on Scientific Research and Development and discovered a technology that made it possible to produce an energy-efficient light tube that lasts at least twenty times as long as a standard tube. It resulted in the growth and profitability of the company.

  1. Identify the dimension of the business environment.
  2. State importance of the business environment.

Study the following case/situation and express your opinion.

The government of India is seriously thinking to allow oil marketing under the public sector, by fixing their own price for petroleum products.

  1. Name the economic reform related to this decision.
  2. Name the other two reforms recommended in the new economic policy.

The sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but that may affect its performance is known as ______.


Which of the following is the feature of Business Environment?


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


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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