Advertisements
Advertisements
Question
What is included in ‘Technological Environment’ of business? State.
Advertisements
Solution
The technological environment includes technological changes and improvements such as new communication facilities. It may also get reflected in factors such as expenditure on R&D and rate of obsolescence.
APPEARS IN
RELATED QUESTIONS
Why is the understanding of business-environment important for managers? Explain with the help of any four points
What is meant by business environment?
Answer the question.
Explain any four features of the Business Environment.
What is meant by indirect channels of distribution?
Select the correct option and rewrite the sentence.
Privatization implies reduction in the role of ___________ sector.
Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.
Give one word/phrase/term.
The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.
Give one word/phrase/term.
A boundary less worlds where there would be flow of goods, services, information, capital and people across nation.
Literacy is the important part of ______ Environment.
Select the correct Option
In how many type environmental factors can be classified?
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.
Business environment is a group of powers.
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 ______.
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:
|
'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:
The changes in technology and the tastes and preferences of consumers cannot be predicted Which feature of business environment is highlighted here?
What does adapting to changes in the business environment mainly help a business achieve?
Which option lists both internal and external factors from the diagram provided?
