मराठी

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

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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'?


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


What is meant by indirect channels of distribution? 


Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.


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


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


Correct the underlined word and rewrite the following sentence.

External factors of business environment are controllable.


Explain the following term/concept.

Political 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.

Attempt the following:

Political Environment.


Which of the following is not a part of the business environment of business?


According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes single-use items. Ford is recycling over one billion plastic bottles every year to develop elements of the car’s interior, reducing the amount of plastic ending up in a landfill. The American car maker has revealed that their Romanian-built EcoSport SUVs’ carpets are made using 470 recycled single use plastic bottles The process for making Ford EcoSport carpets involves shredding bottles and their caps into tiny flakes and then heating them to 260°C. Identify the related dimension of business environment.


"The shift of demand from soft drinks to juices is an opportunity for juice companies and threat for soft drink companies." Identify the feature of business environment:


Which of the following is the feature of Business Environment?


"The shift of demand from soft drinks to juices is an opportunity for juice companies and threat for soft drink companies." Identify the feature of business environment:


"The components of business environment keep on changing due to changes in various circumstances." This shows that business environment is ______.


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


'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:


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


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


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