English

Which one of the following is NOT a component of the legal environment? - Commerce

Advertisements
Advertisements

Question

Which one of the following is NOT a component of the legal environment?

Options

  • Acts passed by the government.

  • Political stability in the country.

  • Decisions taken by various commissions.

  • Verdict given by the court.

MCQ

Solution

Political stability in the country.

Explanation:

The country's political stability is linked to its political climate. The political environment encompasses conditions such as overall stability and peace in the country.

shaalaa.com
Dimensions of Business Environment - Macro
  Is there an error in this question or solution?
2022-2023 (March) Official

RELATED QUESTIONS

A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention.

Identify and explain the dimensions of business environment discussed in the above case.


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.


‘Accent Electronics Ltd.’ was operating its business in Malaysia. The company started exporting its products to India when the Prime Minister announced relaxation in import duties on electronic items. The company appointed retailers in India who had direct on-line links with the suppliers to replenish stocks when needed.

Identify and explain the dimensions of business environment discussed in the above case.


Explain, with examples, the various dimensions of business environment.


The government of India announced Demonetization of  500 and 1,000 currency notes with effect from the midnight  of November 8, 2016. As a result, the existing  500 and 1,000 currency notes ceased to be legal tender from that  date. New currency notes of the denomination of  500 and  2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale achines, e-wallets, digital cash and other modes of cashless transactions. Also,  increased transparency in monetary transactions and  disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of business environment highlighted above.
b. State the features of Demonetization.


Advertisement of alcoholic beverages is prohibited. This is an example of ________.


Which of the following is an example of social environment?


Read the following text and answer the following question 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.

Which business environment did Coca-Cola majorly tap into?


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?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×