English

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

Advertisements
Advertisements

Question

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

Options

  • Two

  • Three

  • Four

MCQ
Advertisements

Solution

Two

shaalaa.com
  Is there an error in this question or solution?
Chapter 7: Business Enviroment - Exercise Q.1 [Page 150]

APPEARS IN

RELATED QUESTIONS

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


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


Explain any three features Business Environment


What is included in ‘Technological Environment’ of business? State.


Name any two Specific forces of business environment affecting business.


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  __________.


Explain the following term/concept.

Social environment.


Explain the following term/concept.

Economic 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:

Economic Environment.


Attempt the following:

Political Environment.


Which factor is not included in Internal Environment?


Read the following text and answer the following question 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.


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.


According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes single-use items. Ford is recycling over one billion plastic bottles every year to develop elements of the car’s interior, reducing the amount of plastic ending up in a landfill. The American car maker has revealed that their Romanian-built EcoSport SUVs’ carpets are made using 470 recycled single use plastic bottles The process for making Ford EcoSport carpets involves shredding bottles and their caps into tiny flakes and then heating them to 260°C. Identify the related dimension of business environment.


"The components of business environment keep on changing due to changes in various circumstances." This  shows that business environment is ______.


"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 ______.


Assertion (A): Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones. 

Reason (R): Business environment is dynamic, i.e., it keeps on changing in consumer preferences.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×