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What is Included in the 'Political Environment' of Business? State. - Business Studies

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प्रश्न

What is included in the 'political environment' of business? State.

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उत्तर

The political business environment includes all the factors relevant to government affairs such as a type of government in power, policy changes and law and order. It has an immediate impact on the functioning of business enterprises.

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2013-2014 (March) Delhi Set 1

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

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


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.


State whether the following statement is True or False.
External factors of business environment are controllable factors. 


State whether the following statement is True or False.
Business and environment are inseparable parts.


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


Select the correct Option 
In how many type environmental factors can be classified?


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


Explain the following term/concept.

Social environment.


Explain the following term/concept.

Political environment.


Study the following case/situation and express your opinion.

Just after the declaration of the Lok Sabha 2014 result, the Bombay Stock Exchange Sensex rose by 1000 points in a day.

  1. Identify the environmental factor which led to this rise giving a reason.
  2. Explain any two other dimensions of the environment.

Study the following case/situation and express your opinion.

Make in India is an initiative launched by the government of India. It focuses on job creation and skill development and it is in twenty-five sectors of the economy. Under the initiative, brochures on these sectors and web portal were released. The initiative aims at high quality standards and minimizing the impact on the environment. It also seeks to attract foreign capital investment in India.

  1. Identify dimensions of the business environment.
  2. Comment on it.

Attempt the following:

Impact of new economic policy on business and industry.


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.


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.

Identify the feature of Business Environment which the Coca-Cola Company managed to get in their favour.


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


"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.


Assertion (A): Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones. 

Reason (R): Business environment is dynamic, i.e., it keeps on changing in consumer preferences.


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