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What is Meant by 'Business Environment'? - Business Studies

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प्रश्न

What is meant by 'business environment'?

Explain the concept of 'Business Environment'

उत्तर १

A business environment refers to the aggregate of external conditions, events and resources which are outside the control of a business but interacts with it and affects its performance. For example, change in taste and preferences of consumers, change in government policies, change in political scenario, change in legal polices, all make up the business environment.

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उत्तर २

A business environment refers to the aggregate of external conditions, events and resources which are outside the control of a business but interacts with it and affects its performance. For example, the business environment includes changes in preferences of consumers, government policies, political scenarios and legal polices.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2014-2015 (March) Delhi Set 1

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Beni, after completing her MBA, took up a job with a multinational company named 'Fortio'. The company was paying good salary and perks to its employees. The wages were within the paying capacity of the company the provided the employees a reasonable standard of living. The company also had a good work-culture and the behaviour of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours, she did not have time to cook her meal. She had to depend upon outside food, which was deteriorating her health. She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home-cooked food. She identified this as a great opportunity and decided to give up her job to supply packaged home-cooked food to office goers at a reasonable price. At the end of the day, she was also distributing the left-over food in the nearby night-shelters

a. State the dimension of the business environment being discussed above.
b. State the principle of management being followed by 'Fortio'.
c. Identify any two values being communicated by the company to the society in the
above case.


What is included in the 'political environment' of business? State.


Why is the understanding of business-environment important for managers? Explain with the help of any four points


What is included in the 'Legal environment' of business? State.


Explain any three features Business Environment


What is meant by business environment?


Name any two Specific forces of business environment affecting business.


Select the correct option and rewrite the sentence.
The new Industrial policy was formulated in  __________.


Select the correct option and rewrite the sentence.
Privatization implies reduction in the role of ___________ sector.


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


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.
Business is the product of different environmental factors. 


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


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


Select the correct Option 
In how many type environmental factors can be classified?


Correct the underlined word and rewrite the following sentence.

External factors of business environment are controllable.


Correct the underlined word and rewrite the following sentence.
Internal factors of business are beyond control.


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


Explain the following term/concept.

Economic environment.


Attempt the following:

Economic Environment.


What creates fear in the minds of investors to invest in long term projects?


Business environment is a group of powers.


Which factor is not included in Internal 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 ______.


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.

Identify the feature of Business Environment which The Coca-Cola Company managed to get in their favour.


Which of the following does not characterise the business environment?


Which of the following is not a part of the business environment of business?


According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes single-use items. Ford is recycling over one billion plastic bottles every year to develop elements of the car's interior, reducing the amount of plastic ending up in a landfill. The American car maker has revealed that their Romanian-built EcoSport SUVs' carpets are made using 470 recycled singleuse plastic bottles The process for making Ford EcoSport carpets involves shredding bottles and their caps into tiny flakes and then heating them to 260° C. Identify the related dimension of business environment.


The term 'Business Environment' means the sum total of:


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