Advertisements
Advertisements
प्रश्न
Explain, with examples, the various dimensions of business environment.
उत्तर
The various dimensions of the business environment explain below:
a. Economic environment- economic environment refers to all the changes in the economic policies by the government of India. The Reserve Bank of India plays an extremely important role in this. 8 consists of various economic variables such as interest rate, stock market, money supply, the functioning of banks etc. For example, an increase in the income of the consumer means an increase in the demand for the goods and services of the Enterprises.
b. Social environment- social environment refers to all the social force in such as customs, traditions, social values, and social trends. For example, the youth of India is bending towards the Western Lifestyle which has led to an increase in the demand for Fast Food.
c. Technological environment- it consists of all the technological changes and improvements. It provides new opportunities to the Enterprises but is also a threat for the Enterprises which are using obsolete Technologies. For example, with technological innovations, it is now easier to book a railway ticket through online medium.
d. Legal environment- it refers to the legislation and rules passed by the government of the country set up the Companies Act. It is essential for an enterprise to have thorough knowledge about the legal environment to avoid any legal trouble. For example, an export-import company in India has to comply with the rules under the EXIM policy and the foreign trade act 1992.
e. Political environment- political environment refers to all the political conditions such as law and order, and peace and stability. For example, the Government of India had introduced the new economic policy in 1991 which led to many business opportunities for the companies.
APPEARS IN
संबंधित प्रश्न
Give an example to show that a business firm operates within numerous inter related factors constituting the business environment.(Hint: example highlighting the inter relatedness of dimensions of business environment).
What is meant by Macro Environment?
State two components of the legal environment of a business concern.
Answer the following question.
Mahinder Agro Ltd. started a new venture for the distribution of harmful and chemical fertilizers free vegetables. They conducted a survey to find out consumer preferences for such vegetables. They found that most of the consumers were concerned about the harmful chemicals being used in growing the vegetables. They found that 90% of the households were searching for its alternatives. The company contacted a group of agriculture experts to lay down the procedure for growing the vegetables by the farmers. They decided to train the farmers in new technology to grow chemical-free vegetables according to new innovative methods. The experts also suggested soil management techniques through which farmers would be able to create an abundant and lasting harvest.
Identify and explain the two dimensions of the business environment highlighted in the above para.
Celebration of Diwali is the example of ________.
Which of the following is an example of a social environment?
Advertisement of alcoholic beverages is prohibited. This is an example of ________.
Which of the following is an example of social environment?
Which factor is not included in Macro Environment?
With the introduction of Photostat Machines in the market, the carbon paper industry was adversely affected. Which component of environment was responsible for it?
Aiming to revive Jammu and Kashmir’s attraction as a top location for film shooting the J&K film policy, 2021 offers a host of incentives to the filmmakers, such as subsidies and low long term interest rates, for films with patriotic and certain other themes shot in J&K, for giving work opportunities to local artists, etc. This will have an impact on business enterprises in the state. Which component of business environment is highlighted above?
Read the following text and answer the following question 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.
Which business environment did Coca-Cola majorly tap into?
Identify the dimensions of the business environment illustrated by the picture given above in which Sapna who has joined the workforce recently is working on an accounting software.
Which of the following items is a component of economic environment?
|
'Digilocker' is a flagship initiative of ‘Ministry of Electronics and IT’, Government of India. It aims at digital empowerment of the citizens by providing access to authentic digital documents such as academic certificates issued by different Examination Boards, Driving Licenses, Vehicle registrations, etc. in a digital format. |
The above para discusses a few dimensions of Business Environment.
Identify the correct dimensions from the following:
With the presence of women in the workforce, there has been a shift towards formal wear, increased demand of electronic gadgets and increase in demand of cosmetics.
The related dimension of business environment referred in the above lines is ______.
Which one of the following is NOT a component of the legal environment?
Organisation and development of financial market has created a surge in primary and secondary capital market.
Which dimension of Macro environment is referred to in this statement?
