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प्रश्न
Give an example to show that a business firm operates within numerous inter related factors constituting the business environment.(Hint: example highlighting the inter relatedness of dimensions of business environment).
उत्तर
• All the elements of the business environment including its various dimensions of economic, legal, political, technological and social are closely interrelated to each other. A change in one of these will lead to a corresponding change.
• For example, the Government of India has introduced a new policy which focuses on using eco-friendly products for safeguarding the environment. This is a part of the political dimension of the business environment. Now the different organizations would invest in Technologies to produce efficient eco-friendly goods. This is a part of the political dimension of the business environment.
• Another example is that people are now focusing on using organic food products for health concerns. This is a part of the social dimension of the business environment. However, it presupposes an economic dimension that the people now have more disposable income than before.
Thus we can say that all the business dimensions are interrelated to each other.
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संबंधित 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.
What is meant by Macro Environment?
What is the social environment? Enumerate any three components of the social environment.
State two components of the legal environment of a business concern.
Answer the following question.
Mahinder Agro Ltd. started a new venture for the distribution of harmful and chemical fertilizers free vegetables. They conducted a survey to find out consumer preferences for such vegetables. They found that most of the consumers were concerned about the harmful chemicals being used in growing the vegetables. They found that 90% of the households were searching for its alternatives. The company contacted a group of agriculture experts to lay down the procedure for growing the vegetables by the farmers. They decided to train the farmers in new technology to grow chemical-free vegetables according to new innovative methods. The experts also suggested soil management techniques through which farmers would be able to create an abundant and lasting harvest.
Identify and explain the two dimensions of the business environment highlighted in the above para.
Which of the following is an example of a social environment?
Subsidy to cotton textile businesses is the ________.
Advertisement of alcoholic beverages is prohibited. This is an example of ________.
Booking of Railway tickets through the internet from home or office is an example of ________.
Which of the following is an example of social environment?
“The nature of the relationship of our country with foreign countries”, is a major element of which of the following components of the Business Environment?
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.
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?
What is meant by technological environment?
Explain any two components of the Technological Environment.
State any three components of Social environment.
Criya Automobiles Ltd. plans to increase its production services in India, hence they want to analyse the economic environment of the business. Which one of the following factors should the company focus on?
