Advertisements
Advertisements
Question
Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future?
Options
Uncertainty
Complexity
Inter-relatedness
Relativity
Advertisements
Solution
Uncertainty
APPEARS IN
RELATED QUESTIONS
What is included in the 'political environment' of business? State.
What is included in ‘Technological Environment’ of business? State.
What is meant by indirect channels of distribution?
Select the correct option and rewrite the sentence.
The new Industrial policy was formulated in __________.
Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.
State whether the following statement is True or False.
Business and environment are inseparable parts.
Literacy is the important part of ______ Environment.
Correct the underlined word and rewrite the following sentence.
External factors of business environment are controllable.
Explain the following term/concept.
Globalisation
Explain the following term/concept.
Economic 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.
- Identify the environmental factor which led to this rise giving a reason.
- Explain any two other dimensions of the environment.
Attempt the following:
Economic 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 ______.
Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being described in the above lines is-
Which of the following are the characteristics of 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.
"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.
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.
