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प्रश्न
Answer the question.
Explain any four features of the Business Environment.
उत्तर
The business environment can be defined as the sum total of external factors that influence the functioning of a business enterprise. The main features of the Business Environment arc given below:
- Specific and general forces: The business environment is made up of both specific and general forces. General forces such as economic, social, political, legal conditions indirectly influence business operations. Whereas specific forces refer to customers, competitors, investors, etc. which have a direct effect on the day-to-day working of the business.
- Dynamic nature: The business environment is dynamic in nature i.e., it keeps on changing. The entry of new competitors in the market, development of new technology, shifts in the preferences of consumers are examples of environmental changes.
- Complexity: The business environment is complex because it consists of several interrelated elements that keep on changing. Many forces constitute the business environment. For example, it is difficult to know the impact of economic, social, political, technological and other forces on changes in demand for a product or service.
- Uncertainty: The business environment is very uncertain as one cannot predict future events particularly changes in technology and fashion which occur fast and frequently. Its dynamic nature makes it more challenging to handle uncertainty.
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संबंधित प्रश्न
Compete the sentence.
______________ helps the business enterprise for overcoming challenge successfully.
Compete the sentence.
Geographical and Ecological factors are included in ____________ Environment.
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.
- Name the economic reform related to this decision.
- Name the other two reforms recommended in the new economic policy.
Justify the following statement:
Political stability builds up confidence among business people.
Which factor is not included in Internal Environment?
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-
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
Which of the following statements is incorrect?
The term 'Business Environment' means the sum total of:
Match the FEATURES of Business Environment in Column I with the appropriate EXPLANATION in Column II.
| Column I | Column II | |
| (i) | Complexity | Very difficult to predict future happenings. |
| (ii) | Specific forces | Easier to understand in parts but difficult to grasp in its totality. |
| (iii) | Uncertainty | Affect individual enterprises directly and immediately. |
