Advertisements
Advertisements
Question
Attempt the following:
Political Environment.
Advertisements
Solution
Political dimensions or environment includes the country’s political system or its ideologies or condition i.e. dictatorship or democracy or communist government or socialistic government.
It indicates the general stability and peace in the country and att1tude 0f the elected government representatives towards business.
Political stability builds up confidence among business people to invest in long term projects for the growth of the economy.
In India we have adopted a mixed economy and growth rate often remains moderate. Indian political system comprises three vital institutions like Legislature, Government, and Judiciary.
(1) Legislature: the legislature is a very powerful force that decides the nature of the business, programs, project for the development of the country through policy-making, lawmaking, budget approving, etc.
(2) Government: The framework of policies are implemented by the government which affects the business organization to undertake the responsibilities of the society.
(3) Judiciary: It determines the work of executives to carry out the policies in a systematic manner, in order to settle the relationship between citizens and the government.
APPEARS IN
RELATED QUESTIONS
What is included in the 'Legal environment' of business? State.
What is included in ‘Technological Environment’ of business? State.
Name any two Specific forces of business environment affecting business.
Give one word/phrase/term.
Uncontrollable factors of the business environment.
Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.
Literacy is the important part of ______ Environment.
Select the correct Option
Which factors of Business Environment regards as controllable?
Explain the following term/concept.
Globalisation
Explain the following term/concept.
Economic environment.
Study the following case/situation and express your opinion.
Anchor company manufacturing light tubes increased expenditure on Scientific Research and Development and discovered a technology that made it possible to produce an energy-efficient light tube that lasts at least twenty times as long as a standard tube. It resulted in the growth and profitability of the company.
- Identify the dimension of the business environment.
- State importance of the business environment.
Answer the following.
What is the business environment? Explain the importance of the business environment.
What creates fear in the minds of investors to invest in long term projects?
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 ______.
Which of the following does not characterise the business environment?
Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being described in the above lines is-
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.
"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 changes in technology and the tastes and preferences of consumers cannot be predicted Which feature of business environment is highlighted here?
