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Attempt the following: Political Environment. - Organisation of Commerce and Management

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प्रश्न

Attempt the following:

Political Environment.

थोडक्यात उत्तर

उत्तर

Political dimensions or environment includes the country’s political system or its ideologies or condition i.e. dictatorship or democracy or communist government or socialistic government.

It indicates the general stability and peace in the country and att1tude 0f the elected government representatives towards business.

Political stability builds up confidence among business people to invest in long term projects for the growth of the economy.

In India we have adopted a mixed economy and growth rate often remains moderate. Indian political system comprises three vital institutions like Legislature, Government, and Judiciary.

(1) Legislature: the legislature is a very powerful force that decides the nature of the business, programs, project for the development of the country through policy-making, lawmaking, budget approving, etc.
(2) Government: The framework of policies are implemented by the government which affects the business organization to undertake the responsibilities of the society.
(3) Judiciary: It determines the work of executives to carry out the policies in a systematic manner, in order to settle the relationship between citizens and the government.

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पाठ 7: Business Enviroment - Exercise Q.7 [पृष्ठ १५२]

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संबंधित प्रश्‍न

Explain any three features Business Environment


Name any two Specific forces of business environment affecting business.


Answer the question.
Explain any four features of the Business Environment.


Select the correct option and rewrite the sentence.
Business environment has tremendous impact on __________.


Select the correct option and rewrite the sentence.
Globalization is concerned with __________ market.


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

Give one word/phrase/term.
The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.


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


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


Select the correct Option 
Which factors of Business Environment regards as controllable?


Explain the following term/concept.

Social environment.


Explain the following term/concept.

Economic 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.

Answer the following.

What is the business environment? Explain the importance of the business environment.


Which of the following does not characterise the business environment?


Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being described in the above lines is-


Any kind of external devices, like compact discs (CD's) for computers, have become obsolete. Google, with its Google Drive service, Apple 12. with its icloud offering, enables the users store documents, photos, music and movies on web-based servers. Identify the feature of business environment being described in the above lines.


"The increase in the demand for many ayurvedic medicines, health products and services in the past few months, is related to the need for building immunity and an increased awareness for health care due to the spread of Corona Virus." Identify the feature of business environment being described above.


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


The changes in technology and the tastes and preferences of consumers cannot be predicted Which feature of business environment is highlighted here?


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