Advertisements
Advertisements
Question
Attempt the following:
Economic Environment.
Advertisements
Solution
The economic environment comprises economic condition economic policies and economic systems which are the important factors influencing development and trade cycles, national income, etc.
(1) Economic Condition: If refers to the present state of the economy of a country or region based on the gross domestic product, per capita income, availability of capital, etc.
(2) Economic Policies: The government frames economic policies from time to time influencing business activities. In order to control the business in the interest of the politics. e.g.- Intestinal policy, monetary policy foreign investment policy, etc.
(3) Economic System: It refers to the scope of private business and extent of government regulation on economic activities determines the nature of the economic system i.e. capitalist social or mixed economic
APPEARS IN
RELATED QUESTIONS
Name any two Specific forces of business environment affecting business.
What is meant by indirect channels of distribution?
Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) Internal environment | 1) Knowledge of law |
| B) Political environment | 2) Taxation policy |
| C) Legal environment | 3) Technology |
| D) Economic environment | 4) Traditions |
| 5) WTO | |
| 6) Controlled by business | |
| 7) High cost | |
| 8) Ideology of political party |
State whether the following statement is True or False.
Business and environment are inseparable parts.
Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.
Compete the sentence.
Stability and peace in the country includes in _______ Environment.
Correct the underlined word and rewrite the following sentence.
Internal factors of business are beyond control.
Explain the following term/concept.
Political environment.
Attempt the following:
Social Environment.
Attempt the following:
Political Environment.
Business environment is a group of powers.
Which of the following does not characterise the business environment?
Which of the following are the characteristics of business environment?
Which of the following is the feature of Business Environment?
"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.
"The components of business environment keep on changing due to changes in various circumstances." This shows that business environment is ______.
Which among the following best defines 'Business Environment'?
