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प्रश्न
Justify the following statement:
Political stability builds up confidence among business people.
उत्तर
- Business firms are affected by the government and its policies.
- Political force decides the nature of the business, device performance, and projects for development.
- The political environment includes stability and peace in the country. Political stability builds confidence among different interest groups and investors because long term policies and projects will be started by the government and if the government keeps on changing every six months or in a year.
- This will impact long term decisions of development for the country. Because political parties identify forms their decision making. Hence if a government gets its full tenure of 5 years, it can complete its projects and plans and win the confidence of the people.
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संबंधित प्रश्न
What is meant by 'business environment'?
What is included in ‘Technological Environment’ of business? State.
Explain any three features of the business environment.
Select the correct option and rewrite the sentence.
Business environment has tremendous impact on __________.
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.
Uncontrollable factors of the business environment.
Explain the following term/concept.
Globalisation.
Explain the following term/concept.
Economic environment.
What creates fear in the minds of investors to invest in long term projects?
Which factor is not included in Internal 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-
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 term 'Business Environment' means the sum total of:
"The shift of demand from soft drinks to juices is an opportunity for juice companies and threat for soft drink companies." Identify the feature of business environment:
"The components of business environment keep on changing due to changes in various circumstances." This shows that business environment is ______.
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. |
Assertion (A): Changes in fashions and tastes of consumers may shift demand in the market from existing products to new ones.
Reason (R): Business environment is dynamic, i.e., it keeps on changing in consumer preferences.
The changes in technology and the tastes and preferences of consumers cannot be predicted Which feature of business environment is highlighted here?
