Business Environment

1. Advances in production technology

2. Popularity of e -banking

can all be grouped under ______

• internal environment

• technological environment

• specific forces

• dynamic environment

Liberalisation signifies:

• INTEGRATION AMONG VARIOUS ECONOMIES OF WORLD

• POLICY OF PLANNNED DISINVESTMENT

• REDUCED  GOVERNMENT RESTRICTIONS & CONTROL

• NONE OF THESE

The internal business environment consists of...

• factors that influence the wider environment in which the business operates

• factors that directly impact the organisation

• factors that influence the operations of the business

• not listed here

Just after the declaration of the results of the Lok Sabha Elections, 2019, the Bombay Stock Exchange’s price index (Sensex) rose by 2100 points in a day. Identify the environmental factor which led to this rise?

• Legal Environment

• political environment

• social environment

• economic environment

The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.

• Dynamic nature

• uncertainty

• relativity

• inter-relatedness

A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.

• increase in competition

• market orientation

• Necessity for change

• demanding customers

Technique of environmental scanning

• Sensex

• SWOT Analysis

• ETOP

• Stock Market

Which is not a general force environment?

• political environment

• social environment

• political environment

• competitors environment

The taking over of PSU's by private parties happened under _____

• liberalization

• privatization

• globalization

• none of these

The environment that is made up of broad forces, trends and conditions in the economy and society that the business has not control over is called the _____

• Macro Environment

• Operating Environment

• External Environment

• micro environment