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प्रश्न
Explain the following term/concept.
Globalisation
Explain the meaning of globalisation.
What is globalisation?
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उत्तर
- The process of integrating a nation’s economy with the global economy through the free flow of capital, information, technology, goods, and services across national boundaries is known as globalisation. It fosters worldwide trade, investment, and communication by establishing a “global village” where social, cultural, and economic connections are more intertwined and interdependent.
- The world has become increasingly interconnected and interdependent due to globalisation, which has been fuelled by developments in communication, transportation, technology, and the removal of trade barriers.
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संबंधित प्रश्न
Why is the understanding of business-environment important for managers? Explain with the help of any four points
What is included in the 'Legal environment' of business? State.
Explain any three features of the business environment.
Select the correct option and rewrite the sentence.
The new Industrial policy was formulated in __________.
Select the correct option and rewrite the sentence.
Privatization implies reduction in the role of ___________ sector.
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 |
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 |
Explain the following term/concept.
Social environment.
Attempt the following:
Economic Environment.
Which of the following does not characterise the business environment?
Business environment is a group of powers.
Which factor is not included in Internal Environment?
Twinkle Stars' is a well-known resort for organizing parties, especially for children. However, in past 6 months its popularity has reduced considerably as a new resort with better ambience and facilities has opened within its vicinity. Name the related feature of business environment which has influenced the business of ‘Twinkle Stars’ adversely.
Any kind of external devices, like compact discs (CD’s) for computers, have become obsolete. Google, with its Google Drive service, Apple with its icloud offering, enables the users store documents, photos, music and movies on web-based servers. Identify the feature of business environment being described in the above lines.
Which of the following statements is incorrect?
|
'Cartoony Planet' is a well-known indoor playground for organising parties for children in Noida. It has many play-stations and it organises various activities for the kids to enjoy. Looking at the increasing number of children visiting 'Cartoony Planet', a new indoor playground in the name of 'Tiny-Tots House' came up with advanced swings, play stations and entertainment activities near 'Cartoony Planet'. To compete with the newly opened indoor playground, 'Cartoony Planet' also added some advanced swings and entertainment activities to attract more children. |
The above information highlights one of the features of 'Business Environment'. Identify the feature from the following:
The changes in technology and the tastes and preferences of consumers cannot be predicted Which feature of business environment is highlighted here?
What does adapting to changes in the business environment mainly help a business achieve?
