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Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future? - Business Studies

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प्रश्न

Which characteristic of the business environment is highlighted when changes are taking place too frequently and it becomes difficult to predict the future?

विकल्प

  • Uncertainty

  • Complexity

  • Inter-relatedness

  • Relativity

MCQ

उत्तर

Uncertainty

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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.


What is included in ‘Technological Environment’ of business? State.


What is meant by indirect channels of distribution? Explain the types of indirect channels of distribution.


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. 


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


Compete the sentence.
______________ helps the business enterprise for overcoming challenge successfully.


Compete the sentence.
Literacy is the important part of __________ Environment.


Compete the sentence.
Stability and peace in the country includes 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.

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

Justify the following statement:

Political stability builds up confidence among business people.


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


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 components of business environment keep on changing due to changes in various circumstances." This  shows that business environment is ______.


Which of the following statements is incorrect?


Which of the following is the feature of Business Environment?


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.

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