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

State any three points of importance of business environment.


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


Answer the question.
Explain any four features of the Business Environment.


Select the correct option and rewrite the sentence.
Business environment has tremendous impact on __________.


Select the correct option and rewrite the sentence.
The new Industrial policy was formulated in  __________.


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.


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


Explain the following term/concept.

Social 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.

  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.

Justify the following statement:

Political stability builds up confidence among business people.


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?


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.


Which of the following is the feature of Business Environment?


Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future?


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


What is identified as a major benefit of understanding the business environment?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×