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What is Included in ‘Technological Environment’ of Business? State. - Business Studies

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प्रश्न

What is included in ‘Technological Environment’ of business? State.

उत्तर

The technological environment includes technological changes and improvements such as new communication facilities. It may also get reflected in factors such as expenditure on R&D and rate of obsolescence.

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संबंधित प्रश्‍न

Why is the understanding of business-environment important for managers? Explain with the help of any four points


What is included in the 'Legal environment' of business? State.


Name any two Specific forces of business environment affecting business.


What is meant by indirect channels of distribution? Explain the types of indirect channels of distribution.


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


Match the pairs.

Group ‘A’ Group ‘B’
A) Globalization 1) Profit motive
B) Privatization 2) 2006
C) Liberalization 3) Borderless economy
D) New economic policy 4) Service Motive
E) Social Environment 5) Internal factor
  6) Disinvestment
  7) Social Values
  8) 1991
  9) Abolishing license policy
  10) GATT

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


Explain the following term/concept.

Social environment.


Explain the following term/concept.

Economic environment.


Study the following case/situation and express your opinion.

Just after the declaration of the Lok Sabha 2014 result, the Bombay Stock Exchange Sensex rose by 1000 points in a day.

  1. Identify the environmental factor which led to this rise giving a reason.
  2. Explain any two other dimensions of the environment.

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.

  1. Identify dimensions of the business environment.
  2. Comment on it.

Justify the following statement:

Political stability builds up confidence among business people.


Attempt the following:

Economic Environment.


Answer the following.

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


Business environment is a group of powers.


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-


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.


Which of the following statements is incorrect?


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


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