C. B. Gupta solutions for कॉमर्स वॉल्यूम २ [इंग्रजी] इयत्ता १२ आयएससी chapter 1 - Business Environment [Latest edition]

What is meant by business environment?

Why environment is important for business firms?

Name the two dimensions of the business environment.

Distinguish between micro and macro environment.

Give any two examples of the impact of changes in the legal environment on business organisations.

What is meant by technological environment?

What is meant by SWOT?

What is economic environment?

What is non-economic environment?

State two components of the legal environment of a business concern.

What is meant by Macro Environment?

What is meant by business environment?

State any three features of business environment. 

Explain the importance of business environment in shaping the future of a business.

“Sound understanding of environment provides a competitive edge”. Explain, giving reasons.

Briefly explain any four external factors of the micro environment of business.

Discuss various elements of the macro environment.

Explain SWOT analysis with the help of an example of a company operating in India.

Define Business environment.

What is meant by business environment?

Explain the importance of business environment in shaping the future of a business.

Explain the importance of business environment in shaping the future of a business.

Explain the importance of business environment in shaping the future of a business.

What is Micro Environment?

List the internal and external factors that together constitute the micro environment?

What is economic environment?

What is non-economic environment?

Discuss various elements of the macro environment.

What is meant by SWOT?

Arun Travels is a travel agency which books air tickets on commission basis. It takes two days for Arun Travel to get the tickets from Airport Reservation Counter and deliver to customer. During the last one year, there has been drastic decrease in its business as most of the customers have shifted to another travel agency, Durga Travels, which provides tickets within half-an-hour through Internet. Identify the dimension of business environment overlooked by Arun Travels.

The demonetisation move of the government has resulted in the accumulation of lakhs of crores of rupees in the banks. Now the banks will give more loans to the people at lower interest rate. General public can now afford home loans more easily. Identify the dimensions of Business Environment in the above case.

There are an estimated 1,500 bacteria per square centimetre of skin on one's hand. One of the best ways to prevent bacteria related illnesses and other infectious disease is to wash our hands with soap and water. While almost everyone has heard this message, studies have shown that people still are not washing their hands, be it children, adults or aged people. In India, especially South India, as well as other parts of the world, eating with our hands is part of the culture. Though many may view this custom as uncivilized, the practice is not as easy as it may look. There is in fact a skill to it and manners to follow. There are also several health benefits from eating with your hands such as it improves digestion and prevention of diabetes. Which dimension of business environment is highlighted in the above two paragraphs?

The number of retail outlets selling silk and cotton sarees are much more in number in Chennai than in Delhi, due to more demand of sarees in Chennai. Which characteristic of Business Environment is reflected here?

GST (Goods and Service Tax) is a landmark step in the history of India by rationalising taxation. GST is going to be a changer for the country’s economy and promote ease of doing business. It will mark a paradigm shift in the nation’s business environment. Identify the components of business environment.

In winters the demand for woollens rises. This is an example of which feature of Business Environment:

The government has recently announced the opening of multibrand retail to foreign direct investment. Which dimension of change in Business Environment does this represent?

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.

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 Uttarakhand government has developed surveillance network using latest satellite technology. Under this system, the states mining department would be in a position to check illegal mining activities across the state. The state government is also considering the use of drones in its proposed campaign against illegal mining. Identify the related dimensions of business environment.

In order to boost and double India's export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate to bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.

Electric vehicles with zero tail pipe emission are emerging as a good alternative to ‘problems like climate change, surging pollution leading to ill health, crude import bill and energy security. Identify the related dimensions of business environment.

The dishes offered by Indian restaurants are very different as compared to the dishes offered by restaurants in other countries like Australia & USA. Identify the feature of the business environment.

It is difficult to know the exact impact of Lock down due to Corona Virus on Social, Economic, Political, Technological or Legal dimensions of a business organisation. Which feature of business environment is highlighted in the above statement?

Which component of business environment makes it compulsory to write “Mother’s Milk is the best for the baby” on all type of baby food?

Due to large variety and heavy discounts offered on online sites, more customers have started doing their shopping online, it is making the shopkeepers think afresh about how to retain their customers by changing their traditional style of doing business. Identify the importance of business environment mentioned in the above statement.

‘With the election of a new government the Sensex drops by 748 points’. Identify the dimensions of business environment:

With the introduction of mineral water bottle in India, Bisleri was able to capture the big market share in India. Which importance of business environment is highlight in above case:

As per Consumer Protection Act, 1986, manufacturers are under an obligation to provide all the relevant information like MRP, ingredients, date of manufacturing, quantity, expiry date etc. about the product. Name the dimension of the business environment highlighted in the above para:

Even after opening up of Indian economy, foreign companies find it extremely difficult to cut through the bureaucracy and red-tapism in government offices. This discourages them from investing in India. Identify the dimension of environment mentioned in the above para:

Increased life expectancy of people and increased awareness for healthcare have increased the demand for many health products and services like diet Coke, fat-free cooking oil, and health resorts. New health products and services have, in turn, changed people's lifestyles. Identify the feature of business environment highlighted in the above para:

‘Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment’. Thus it is relatively easier to understand the environment in parts but difficult to grasp in its totality. Identify the feature of business environment highlighted above: 

The Economic Survey, 2019 suggests that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such “dying in debt is a sin” to improve tax compliance. Identify the related dimensions of business environment.

The Finance Minister reduced the repo rate to overcome recession. This is related to which dimension of business environment.

Assertion (A): Turbulent market conditions, less brand loyalty, division and sub-division of markets are just a few images to describe business environment.

Reason (R): Business environment is dynamic in nature where changes are taking place at a slow pace.

Assertion (A): Business environment is dynamic in nature.

Reason (R): It is very difficult to predict future happenings, especially when environment changes are taking place too frequently as in case of IT and fashion industry.

Assertion (A): Business environment does not affect much the decision-making of the companies.

Reason (R): Business environment is related to all external forces outside the organisation.

1. Identify and state the feature of the concept discussed in the above paragraph.        (1)
2. Also, state any three points of importance of this concept.       (3)
3. Identify the two dimensions of the concept discussed in the above paragraph.       (2)
4. Enumerate any two factors each of the dimensions identified in part (c) not given in the para above.        (2)

‘India’s craft heritage continues because of its customs and traditions. Crafts are used not only in the country by craftsmen in Rajasthan, Gujarat and Assam but are also exported to USA, Germany, UK and France. The volume of exports and imports give India an advantage in balance of payments and the much-needed foreign exchange reserves. The Prime Minister desires that the handicraft industry should be expanded by linking it with technology. Focus should be on changing the manufacturing process, ensuring durability and adapting innovations.

1. Quoting the lines from the above para, explain any three dimensions of the business environment.     (3)
2. Enumerate any two characteristics of Business Environment.    (2)
3. Discuss any two points of importance of business environment.    (2)
4. List any two specific forces of business environment.     (1)

______ environment is complex as it consists of several interrelated elements that keep on changing.

Business environment has two dimensions: ______ and______.

A business enterprise is an ______ system.

The economic environment consists of the factors and forces concerning means of ______ and ______ of wealth.

SWOT is an acronym for strengths, weaknesses, ______ and ______.

TRUE OR FALSE.

Business environment is a static and remains same and rather does not change.

TRUE OR FALSE.

Environmental scanning is the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business.

TRUE OR FALSE.

The micro forces may influence all the firms in a particular industry in the same manner.

TRUE OR FALSE.

Macro environment is also known as Indirect Action Environment.

TRUE OR FALSE.

Social environment exercises a significant influence on industry and commerce.