Business Environment
Commerce ⇒ Business Studies
Business Environment starts at 12 and continues till grade 12.
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Define the term 'Business Environment'.
Describe any two ways in which globalization has affected Indian businesses.
Explain how changes in the legal environment can affect business operations.
Explain the concept of 'dynamic nature' of the business environment.
Explain the impact of technological environment on business.
Explain the importance of understanding the business environment for managers.
Explain the term 'demographic environment'.
A company is planning to launch a new product. Which aspect of the business environment should it analyze to understand consumer needs and preferences? (1) Economic environment (2) Social environment (3) Legal environment (4) Technological environment
A company is planning to launch a new product. Which aspect of the business environment should it analyze to understand consumer needs and preferences? (1) Economic environment (2) Social environment (3) Legal environment (4) Technological environment
Which of the following is a direct effect of liberalization on Indian businesses? (1) Increased government control (2) Reduced competition (3) Removal of licensing requirements (4) Decreased foreign investment
Which of the following is a feature of the business environment? (1) Predictability (2) Simplicity (3) Interrelatedness (4) Stability
Which of the following is a part of the internal environment of business? (1) Employees (2) Government (3) Society (4) Technology
The ________ environment consists of laws, government agencies, and pressure groups that influence and limit organizations and individuals in a society.
The ________ environment includes factors like values, beliefs, customs, and traditions of the society in which business exists.
The business environment is said to be ________ because it is difficult to predict future changes.
The process of integrating the domestic economy with the world economy is known as ________.
State whether the following statement is true or false: 'Business environment includes only external factors.'
State whether the following statement is true or false: 'Business environment is relative as it differs from country to country and region to region.'
State whether the following statement is true or false: 'Business environment is static and does not change over time.'
State whether the following statement is true or false: 'Changes in government policies can create both opportunities and threats for business.'
