Business environment

Relaxing the restrictions and controls imposed on Business and industry means *

• Globalisation

• Liberalisation

• Privatisation

• All of the above

Globalization does not involve *

• Reduction of barrier

• Free flow of capital

• Global mechanism for settlement of economic disputes

• Free flow of goods & services

________ refers to negative and unfavourable external factors that are likely to create hurdles for a firm *

• Opportunities

• Threats

• Benefits

• None of the above

Which of the following are the dimensions of the business environment? *

• Economic Environment

• Social Environement

• Technological Enrionment

• All of the above

Which of the following is not a feature of Business environment? *

• Interrelated Elements

• Complex

• Continuous

• Dynamic

Business Environment means *

• Internal Environment of Business

• External Environment

• Internal and External Environment

• Economic Environment of country

The organic food market in India is grow at 25-30 per cent which reflects a clear shift in consumer tastes and preferences. The current growth in the organic food market is driven by multiplicity of factors like rising health consciousness, changing lifestyles, increase in disposable income and growing availability of organic food products in shopping malls, retail outlets and online. Which dimension of business environment is highlighted here?

• Economic Environment

• Social Environment

• Political Environment

• Technological Environment

No country is capable enough to produce all the goods and services itself required for its use. Almost all the countries have certain goods and services in surplus and in certain others, deficiency. In this way all of them feel the necessity for exporting the goods and services in surplus and those of deficiency , to import. In order to solve this problem several countries have zeroed in the complexities of import export business. Consequently, balance is getting established in the demand and supply of goods and services.Identify the concept of business environment discussed here. *

• Globalisation

• Privatisation

• Liberalisation

• All of the above

What is one way a business can gain a competitive advantage?

• by offering consumers a worse quality product

• by charging a higher price for a product

• by doing what everyone else is doing in the market

• by creating something entirely new for the market

Consumers’ purchasing decisions can be influenced by a company’s marketing or advertising methods.

• True

• False