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Compete the sentence.Geographical and Ecological factors are included in ____________ Environment. - Organisation of Commerce and Management

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Question

Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.

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Solution

 Geographical and Ecological factors are included in natural Environment.

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Chapter 7: Business Enviroment - Exercise Q.1 [Page 150]

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RELATED QUESTIONS

What is meant by 'business environment'?


Beni, after completing her MBA, took up a job with a multinational company named 'Fortio'. The company was paying good salary and perks to its employees. The wages were within the paying capacity of the company the provided the employees a reasonable standard of living. The company also had a good work-culture and the behaviour of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours, she did not have time to cook her meal. She had to depend upon outside food, which was deteriorating her health. She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home-cooked food. She identified this as a great opportunity and decided to give up her job to supply packaged home-cooked food to office goers at a reasonable price. At the end of the day, she was also distributing the left-over food in the nearby night-shelters

a. State the dimension of the business environment being discussed above.
b. State the principle of management being followed by 'Fortio'.
c. Identify any two values being communicated by the company to the society in the
above case.


Explain any three features of the business environment.


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


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


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


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.

  1. Identify the dimension of the business environment.
  2. State importance of the business 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:

Social Environment.


Attempt the following:

Impact of new economic policy on business and industry.


Which of the following does not characterise the business environment?


Which of the following is not a part of the business environment of business?


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-


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.


The term 'Business Environment' means the sum total of:


"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:


Which of the following statement is incorrect:


Match the FEATURES of Business Environment in Column I with the appropriate EXPLANATION in Column II.

  Column I Column II
(i) Complexity Very difficult to predict future happenings.
(ii) Specific forces Easier to understand in parts but difficult to grasp in its totality.
(iii) Uncertainty Affect individual enterprises directly and immediately.

Which among the following best defines 'Business Environment'?


Which option lists both internal and external factors from the diagram provided?


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