English

Name Any Two Specific Forces of Business Environment Affecting Business.

Advertisements
Advertisements

Question

Name any two Specific forces of business environment affecting business.

Short/Brief Note
Advertisements

Solution

Specific environment refers to those external forces that affect an organisation directly. These are specific to a particular organisation. For example, a delay in the supply of raw material from the supplier directly affects the production of the company. Another example, is a change in the customer’s taste of the good produced by the company.

shaalaa.com
  Is there an error in this question or solution?
Chapter 3: Business Environment - Very Short Answer [Page 91]

APPEARS IN

NCERT Business Studies Part 1 Principles and Functions of Management [English] Class 12
Chapter 3 Business Environment
Very Short Answer | Q 5 | Page 91

Video TutorialsVIEW ALL [1]

RELATED QUESTIONS

What is included in the 'political environment' of business? State.


What is meant by indirect channels of distribution? 


Match the pairs.

Group ‘A’ Group ‘B’
A) Globalization 1) Profit motive
B) Privatization 2) 2006
C) Liberalization 3) Borderless economy
D) New economic policy 4) Service Motive
E) Social Environment 5) Internal factor
  6) Disinvestment
  7) Social Values
  8) 1991
  9) Abolishing license policy
  10) GATT

Give one word/phrase/term.
The environmental of business that includes customs and traditions, values, social trends.


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


State whether the following statement is True or False.
Business and environment are inseparable parts.


Compete the sentence.
The term of business environment generally refers to __________


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


Explain the following term/concept.

Political 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.


Answer the following.

What is the business environment? Explain the importance of the business environment.


Which of the following does not characterise the business environment?


Which of the following does not characterise the business environment?


Read the following text and answer the following questions 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.


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

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

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


'Cartoony Planet' is a well-known indoor playground for organising parties for children in Noida. It has many play-stations and it organises various activities for the kids to enjoy. Looking at the increasing number of children visiting 'Cartoony Planet', a new indoor playground in the name of 'Tiny-Tots House' came up with advanced swings, play stations and entertainment activities near 'Cartoony Planet'.

To compete with the newly opened indoor playground, 'Cartoony Planet' also added some advanced swings and entertainment activities to attract more children.

The above information highlights one of the features of 'Business Environment'. Identify the feature from the following:


Which option contains only examples of environmental factors?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×