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प्रश्न
With change in the consumption habits of people. Neelesh, who was running, a sweets shop shifted to chocolate business. On the eve of Diwali he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolove.com for taking orders online. He got lot of orders online and earned huge profit by selling chocolates.
Identify and explain the dimensions of business environment discussed in the above case.
उत्तर
Dimensions of business environment which are being referred to in the given case:-
1. Social environment:- Change in the consumption habits of people implies a variation in the social environment of the country.
Explanation:- The social environment includes the effect of changes in business environment due to cultural values, traditional procedures and festivities.
Example:- An increase in imports leads to a fall in the price of domestic currency and vice versa.
2. Technological environment:- ‘Created a website chocolove.com for taking orders online’ implies a change in technological environment.
Explanation:- Technological environment takes into account various changes in technology of an economy. It involves infrastructural changes and information technology revolution.
For example, smartphones and e-commerce are the foundations of most business start-ups in the modern era. Competing with different market players
would require a company to launch an app and a website.
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संबंधित प्रश्न
A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention.
Identify and explain the dimensions of business environment discussed in the above case.
‘Accent Electronics Ltd.’ was operating its business in Malaysia. The company started exporting its products to India when the Prime Minister announced relaxation in import duties on electronic items. The company appointed retailers in India who had direct on-line links with the suppliers to replenish stocks when needed.
Identify and explain the dimensions of business environment discussed in the above case.
What is meant by Macro Environment?
What is the social environment? Enumerate any three components of the social environment.
Answer the following question.
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Identify and explain the two dimensions of the business environment highlighted in the above para.
Celebration of Diwali is the example of ________.
Which factor is not included in Macro Environment?
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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.
Alo a mobility platform is in the process of laying off 400-500 employees in a move aimed at driving cost efficiency. Which objective of management will the firm not be able to achieve by carrying out this process.
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'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 ______.
‘Pace.’ is a reputed Chartered Accountant firm which renders services to big MNC’s. The Chartered Accountants of the firm are required to travel to Delhi and NCR for which they use company’s cars. The firm decided to convert its Petrol cars to Electric cars in order to improve the quality of life of people. Identify the dimensions of business environment.
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?
