12th - BUSINESS ENVIRONEMT REVISION

Identify the dimension of Business Environment highlighted here:

A particular channel refrains from showing the advertisement of a particular product as it is banned by the government.

• Economic

• Social

• Political

• Legal

Identify the dimension of Business Environment highlighted here: With the election of a new government the sensex drops by 748 points.

• ECONOMIC

• POLITICAL

• SOCIAL

• LEGAL

Identify the dimension of Business Environment highlighted here:

It is not advisable to open a luxury car showroom in the middle of an economy where per capita income is very low

• economic

• social

• legal

• political

Identify the dimension of Business Environment highlighted here:

Multi-national corporations getting permission to enter into Indian market.

• ECONOMIC

• SOCIAL

• TECHNOLOGICAL

• POLITICAL

Identify the dimension of Business Environment highlighted here:

Demand for reservation in jobs for minorities and economically backward sections.

• ECONOMIC

• SOCIAL

• LEGAL

• POLITICAL

Identify the dimension of Business Environment highlighted here:

Stable and dynamic government of a country displays a positive image to foreign companies to invest in that country.

• ECONOMIC

• POLITICAL

• SOCIAL

• LEGAL

Speed tours Ltd. Is a travel agency which books rail tickets on commission basis. It takes two days for the Speed tours to get the tickets from Railway Reservation Couter and deliver the same to the consumers. In the last one year, there has been drastic decrease in its business as most of the consumers have shifted to Times Tour and Travels Ltd. Which provides the tickets within ½ hour through the use of internet. Identify the characteristic of business environment highlighted in the following statement, ‘Change of booking rail tickets from Railway reservation counter to Internet.

• Inter-relatedness

• Dynamic

• Totality of external forces

• Relativity

Nuts and Bolts Ltd..’ is an enterprise providing repairing services in furniture and fixtures situated in Saputara, Gujarat. . It is earning a low revenue in comparison to a competing enterprise, ‘Easy repair.’ situated in Vapi. Both Nuts and Bolts and Easy repairs’ operations are affected directly by the investors, customers and suppliers, which are unique to their respective locations. In addition to this individual firms of this field are affected indirectly by the factors like money supply in the economy, composition of families, the technological changes, etc.

Identify the feature of Business environment highlighted here.

• Totality of external forces

• Specific and general forces

• Inter-relatedness

• Dynamic nature

Advertisement of a protein supplement must inform that potential buyers that the product if taken beyond a given dose can be harmful to the diabetics.

Identify the business environment

• ECONOMIC

• SOCIAL

• POLITICAL

• LEGAL

Identify out of Liberalization, Privatization and Globalization, which one is highlighted over here?

Easy movement of information and technology with rest of the world.

• Liberalization

• Privatization

• Globalization

• None of these