Balbharati solutions for Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board chapter 7 - Business Enviroment [Latest edition]

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

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The new Industrial policy was formulated in  __________.

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Changes in ruling government is an aspect of ___________ environment.

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Literacy level is an aspect of __________ environment.

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Privatization implies reduction in the role of ___________ sector.

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Globalization is concerned with __________ market.

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_______ means linking national economy to the world economy.

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Environment awareness provides _________ signal.

Match the pairs.

Match the pairs.

Give one word/phrase/term.
Uncontrollable factors of the business environment.

Give one word/phrase/term.
The environmental of business that includes customs and traditions, values, social trends.

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.

State whether the following statement is True or False.
External factors of business environment are controllable factors. 

State whether the following statement is True or False.
Business is the product of different environmental factors. 

State whether the following statement is True or False.
Business and environment are inseparable parts.

State whether the following statement is True or False.
There is no benefit of globalization on Indian economy.

State whether the following statement is True or False.
New economic policy promoted the liberal economic policy. 

State whether the following statement is True or False.
There is no benefit of privatization to Indian economy. 

State whether the following statement is True or False.
There is no need of consideration of the business environment factors in business. 

Compete the sentence.
The term of business environment generally refers to __________

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______________ helps the business enterprise for overcoming challenge successfully.

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Geographical and Ecological factors are included in ____________ Environment.

Literacy is the important part of ______ Environment.

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Stability and peace in the country includes in _______ Environment.

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Indian political system comprises ___________ vital institutions. 

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Limited involvement of government in public sector refer to _________.

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Integration of economy and society through cross country is called as ___________.

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In how many type environmental factors can be classified?

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Which factors of Business Environment regards as controllable?

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Who frames the economic policy of the business?

Which economic system is known as the free market economy?

Correct the underlined word and rewrite the following sentence.

External factors of business environment are controllable.

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Internal factors of business are beyond control.

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Natural resources are related to political environment.

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Privatization helps for global village.

Answer in one sentence:
Which factors are included in internal environment?

Answer in one sentence:
What are the powers of legislature? 

Answer in one sentence:
Which factor influence the economic condition of the Nation?

Answer in one sentence:
Who possess the factors of production in socialist economy?

Answer in one sentence:
In which environment are the methods and techniques of production included?

Answer in one sentence:
When did Indian government launch New Economic Policy?

Answer in one sentence:
What is useful to reduced political interference in industry?

Answer in one sentence:
How is the boundary less world possible?

Explain the following term/concept.
Business environment.

Explain the following term/concept.

Liberalization.

Explain the following term/concept.
Privatization.

Explain the following term/concept.

Globalisation

Explain the following term/concept.

Social environment.

Explain the following term/concept.

Economic environment.

Explain the following term/concept.

Political environment.

Explain the following term/concept.

Internal environment.

Study the following case/situation and express your opinion.

1. The court passes an order to ban polythene bags as the bags are creating many environmental problems which affect the life of people in general.
2. Society in general is more concerned about the quality of life. The government decided to give a subsidy to the jute industry to promote this business.
   1. Why does the court ban Polythene bags?
   2. Identify the different dimensions of the business environment.
   3. How does the Government try to promote jute industry? 

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.

1. Identify the environmental factor which led to this rise giving a reason.
2. Explain any two other dimensions of the 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.

Study the following case/situation and express your opinion.

The government of India is seriously thinking to allow oil marketing under the public sector, by fixing their own price for petroleum products.

1. Name the economic reform related to this decision.
2. Name the other two reforms recommended in the new economic policy.

Distinguish between the following.

Social Environment and Economic Environment.

Distinguish between the following.

Political Environment and Legal Environment.

Distinguish between the following.

Liberalization and Privatisation.

Distinguish between the following.

Globalization and Liberalization.

Distinguish between the following.

Privatization and Globalization.

State any four features of the Social environment.

Answer in brief.

Describe any two factors of economic environment.

Answer in brief.

State any four features of globalization.

Answer in brief.

State any four reasons of the need for privatisation.

Justify the following statement:

External factors of business environment are beyond control.

Justify the following statement:

Business firms should be aware of the changes in society.

Justify the following statement:

Political stability builds up confidence among business people.

Justify the following statement:

The economic environment has a direct influence on business.

Justify the following statement:

Social trends provide business opportunities.

Justify the following statement:

Adequate knowledge of rules and regulations is essential for better business performance.

Attempt the following:

Importance of business environment.

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Social Environment.

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Economic Environment.

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Political Environment.

Attempt the following:

Impact of new economic policy on business and industry.

Answer the following.

What is the business environment? Explain the importance of the business environment.

Answer the following.

Explain the new economic policy in details.