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प्रश्न
Explain any three features of the business environment.
उत्तर
All the external forces: Business Environment includes all the forces, institutions and factors which directly or indirectly affect the business organizations.
Specific and general forces: Business environment includes specific forces such as investors, customers, competitors, and suppliers. Non-human or general forces are Social, Legal, Technological. Political, etc. which affect the business indirectly.
Inter-relation: All the forces and factors of the business environment are inter-related to each other. For example with the inclination of youth towards western culture, the demand for fast food is increasing.
Uncertainty: It is very difficult to predict the changes in the business environment. As the environment is changing very fast for example in IT. fashion industry frequent and fast changes are taking place.
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संबंधित प्रश्न
What is included in the 'political environment' of business? State.
What is included in the 'Legal environment' of business? State.
What is included in ‘Technological Environment’ of business? State.
What is meant by business environment?
Correct the underlined word and rewrite the following sentence.
External factors of business environment are controllable.
Study the following case/situation and express your opinion.
Make in India is an initiative launched by the government of India. It focuses on job creation and skill development and it is in twenty-five sectors of the economy. Under the initiative, brochures on these sectors and web portal were released. The initiative aims at high quality standards and minimizing the impact on the environment. It also seeks to attract foreign capital investment in India.
- Identify dimensions of the business environment.
- Comment on it.
Which factor is not included in Internal Environment?
Read the following text and answer the following questions 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.
Match the FEATURES of Business Environment in Column I with the appropriate EXPLANATION in Column II.
| Column I | Column II | ||
| (a) | Complexity | (i) | Very difficult to predict future happenings |
| (b) | Specific forces | (ii) | Easier to understand in parts but difficult to grasp in its totality |
| (c) | Uncertainty | (iii) | Affect individual enterprises directly and immediately |
"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.
