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प्रश्न
Explain any three features of the business environment.
उत्तर
All the external forces: Business Environment includes all the forces, institutions and factors which directly or indirectly affect the business organizations.
Specific and general forces: Business environment includes specific forces such as investors, customers, competitors, and suppliers. Non-human or general forces are Social, Legal, Technological. Political, etc. which affect the business indirectly.
Inter-relation: All the forces and factors of the business environment are inter-related to each other. For example with the inclination of youth towards western culture, the demand for fast food is increasing.
Uncertainty: It is very difficult to predict the changes in the business environment. As the environment is changing very fast for example in IT. fashion industry frequent and fast changes are taking place.
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संबंधित प्रश्न
What is included in the 'political environment' of business? State.
Explain any three features Business Environment
Select the correct option and rewrite the sentence.
Privatization implies reduction in the role of ___________ sector.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| A) Internal environment | 1) Knowledge of law |
| B) Political environment | 2) Taxation policy |
| C) Legal environment | 3) Technology |
| D) Economic environment | 4) Traditions |
| 5) WTO | |
| 6) Controlled by business | |
| 7) High cost | |
| 8) Ideology of political party |
Explain the following term/concept.
Economic environment.
Attempt the following:
Economic Environment.
Which of the following does not characterise the business 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 ______.
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. |
