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Questions
What is meant by business environment?
What do you understand by business environment?
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Solution
Business environment refers to all the external forces including economic, political, social, technological and legal that affect the performance of a business organisation. It is the sum total of all the individuals, the control of a business enterprise but has the power to affect its performance.
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RELATED QUESTIONS
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.
What is included in the 'Legal environment' of business? State.
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.
Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.
Select the correct Option
In how many type environmental factors can be classified?
Select the correct Option
Which factors of Business Environment regards as controllable?
Correct the underlined word and rewrite the following sentence.
External factors of business environment are controllable.
Answer in one sentence:
Which factors are included in internal environment?
Explain the following term/concept.
Business environment.
Explain the following term/concept.
Social environment.
Explain the following term/concept.
Economic environment.
Attempt the following:
Social Environment.
What creates fear in the minds of investors to invest in long term projects?
Which factor is not included in Internal Environment?
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 ______.
Which of the following statements is incorrect?
Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future?
Which among the following best defines 'Business Environment'?
