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Question
Select the correct Option
Which factors of Business Environment regards as controllable?
Options
Internal
External
Solution
Internal
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Beni, after completing her MBA, took up a job with a multinational company named 'Fortio'. The company was paying good salary and perks to its employees. The wages were within the paying capacity of the company the provided the employees a reasonable standard of living. The company also had a good work-culture and the behaviour of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours, she did not have time to cook her meal. She had to depend upon outside food, which was deteriorating her health. She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home-cooked food. She identified this as a great opportunity and decided to give up her job to supply packaged home-cooked food to office goers at a reasonable price. At the end of the day, she was also distributing the left-over food in the nearby night-shelters
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b. State the principle of management being followed by 'Fortio'.
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What is included in the 'Legal environment' of business? State.
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Globalization is concerned with __________ market.
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| Group ‘A’ | Group ‘B’ |
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| B) Political environment | 2) Taxation policy |
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| 7) High cost | |
| 8) Ideology of political party |
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The process of transferring ownership of business enterprise, agency or public service from the public service to private sector.
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A boundary less worlds where there would be flow of goods, services, information, capital and people across nation.
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Compete the sentence.
The term of business environment generally refers to __________
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Stability and peace in the country includes in _______ Environment.
Explain the following term/concept.
Globalisation.
Explain the following term/concept.
Economic environment.
Attempt the following:
Impact of new economic policy on business and industry.
Answer the following.
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According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes single-use items. Ford is recycling over one billion plastic bottles every year to develop elements of the car's interior, reducing the amount of plastic ending up in a landfill. The American car maker has revealed that their Romanian-built EcoSport SUVs' carpets are made using 470 recycled singleuse plastic bottles The process for making Ford EcoSport carpets involves shredding bottles and their caps into tiny flakes and then heating them to 260° C. Identify the related dimension of business environment.
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