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प्रश्न
Justify the following statement:
External factors of business environment are beyond control.
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उत्तर
- Factors that influence the business policy of an organization can be divided into internal and external factors.
- The business has no control over external forces.
- These are those factors that provide opportunities or pose threats to the organization.
- Factor such as social customs, values, economic policies, technological development, political ups and downs, legislation together constitute political, social, economic, legal, and technological diversions of business. Hence, they are not in the hands of business organizations.
- Internal factors are controllable and the business unit can modify their plans, policies, etc.
(Students can give an example of social, political, legal environment to justify further)
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संबंधित प्रश्न
Explain the following term/concept.
Internal environment.
Study the following case/situation and express your opinion.
- The court passes an order to ban polythene bags as the bags are creating many environmental problems which affect the life of people in general.
- Society in general is more concerned about the quality of life. The government decided to give a subsidy to the jute industry to promote this business.
- Why does the court ban Polythene bags?
- Identify the different dimensions of the business environment.
- How does the Government try to promote jute industry?
______ environment comprises of political conditions such as peace and stability, law and order, etc.
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.
Which business environment did Coca-Cola majorly tap into?
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.
Which of the following is not a product of COCA-COLA?
"Increase in the use of mobile phones and i-pods instead of papers and radio" refers to an example of key component of general environment of business. Identify the component of business environment.
"Even after opening up of the Indian economy in 1991 foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India, which created a negative impact on business."
Identify the dimension of the business environment which led to creation of the negative impact on business.
Which of the following is not an element of social environment?
'Service sector contributes to almost half of India's GDP but employs only one-third of its workforce.' Which of the following dimensions of Business Environment is stated in the above line?
"Due to enforcement of Euro-N emission norms, an automobile company had to phase out one of its model." Identify the dimension of environment highlighted in the given statement.
"Even after opening up of the Indian economy in 1991 foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India, which created a negative impact on business."
Identify the dimension of the business environment which led to creation of the negative impact on business.
Which of the following statement is true with respect to political environment:
The business environment can be divided into two main types of factors, which are______.
Which of the following is an example of an internal (controllable) business environment factor?
Why is it important for companies to remain aware of changes in the business environment?
Which category in the provided diagram includes factors like political, social, technological, and legal?
