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What is meant by business environment?

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प्रश्न

What is meant by business environment?

What do you understand by business environment?

लघु उत्तर
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उत्तर

Business environment refers to all the external forces including economic, political, social, technological and legal that affect the performance of a business organisation. It is the sum total of all the individuals, the control of a business enterprise but has the power to affect its performance.

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पाठ 3: Business Environment - Very Short Answer [पृष्ठ ९०]

APPEARS IN

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EXERCISES | Q III. 1. (ii) | पृष्ठ २०
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EXERCISES | Q IV. 1. | पृष्ठ २३

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संबंधित प्रश्‍न

State any three points of importance of business environment.


Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.


Give one word/phrase/term.
The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.


Give one word/phrase/term.
A boundary less worlds where there would be flow of goods, services, information, capital and people across nation.


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


Literacy is the important part of ______ Environment.


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


Explain the following term/concept.

Social 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.

Attempt the following:

Social Environment.


Which factor is not included in Internal Environment?


The sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but that may affect its performance is known as ______.


Read the following text and answer the following question 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 term 'Business Environment' means the sum total of :


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


Which factors are within the control of the business?


Which external forces affect all businesses broadly?


For small shops accepting digital payments, attracting more customers and smooth transactions represent a(n):


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