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What is Meant by 'Business Environment'?

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प्रश्न

What is meant by 'business environment'?

Explain the concept of 'Business Environment'

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उत्तर १

A business environment refers to the aggregate of external conditions, events and resources which are outside the control of a business but interacts with it and affects its performance. For example, change in taste and preferences of consumers, change in government policies, change in political scenario, change in legal polices, all make up the business environment.

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उत्तर २

A business environment refers to the aggregate of external conditions, events and resources which are outside the control of a business but interacts with it and affects its performance. For example, the business environment includes changes in preferences of consumers, government policies, political scenarios and legal polices.

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2014-2015 (March) Delhi Set 1

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संबंधित प्रश्न

State any three points of importance of business environment.


Why is the understanding of business-environment important for managers? Explain with the help of any four points


What is included in ‘Technological Environment’ of business? State.


What is meant by business environment?


Select the correct option and rewrite the sentence.
Business environment has tremendous impact on __________.


Select the correct option and rewrite the sentence.
Privatization implies reduction in the role of ___________ sector.


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


Give one word/phrase/term.
Uncontrollable factors of the business environment.


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


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


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


Explain the following term/concept.

Economic 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.

Justify the following statement:

Political stability builds up confidence among business people.


Attempt the following:

Political 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?


Which of the following are the characteristics of business environment?


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


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


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