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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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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2014-2015 (March) Delhi Set 1

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Match the pairs.

Group ‘A’ Group ‘B’
A) Globalization 1) Profit motive
B) Privatization 2) 2006
C) Liberalization 3) Borderless economy
D) New economic policy 4) Service Motive
E) Social Environment 5) Internal factor
  6) Disinvestment
  7) Social Values
  8) 1991
  9) Abolishing license policy
  10) GATT

Give one word/phrase/term.
The environmental of business that includes customs and traditions, values, social trends.


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


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


Select the correct Option 
Which factors of Business Environment regards as controllable?


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


Explain the following term/concept.
Business environment.


Explain the following term/concept.

Social environment.


Attempt the following:

Social Environment.


Which of the following does not characterise the business environment?


What creates fear in the minds of investors to invest in long term projects?


Business environment is a group of powers.


Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being described in the above lines is-


Match the FEATURES of Business Environment in Column I with the appropriate EXPLANATION in Column II.

  Column I   Column II
(a) Complexity (i) Very difficult to predict future happenings
(b) Specific forces (ii) Easier to understand in parts but difficult to grasp in its totality
(c) Uncertainty (iii) Affect individual enterprises directly and immediately

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


"The increase in the demand for many ayurvedic medicines, health products and services in the past few months, is related to the need for building immunity and an increased awareness for health care due to the spread of Corona Virus." Identify the feature of business environment being described above.


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


What does adapting to changes in the business environment mainly help a business achieve?


What is identified as a major benefit of understanding the business environment?


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