Business environment quiz 2

Following is the impact of government policy changes on business and industry:

• technological upgradation
• Demanding customers
• Increased competition
• All of the above

technological environment includes:

• advances in production technology
• advances in information technology
• popularity of e -banking
• all of the above

Following are the elements of social environment:

• Educational system and literacy rates
• family structure
• caste and occupational structure
• all of the above

Legal environment includes:

• government policies related to pricing
• the constitutional framework
• goverment policies related to import and export
• all of the above

Liberalisation signifies:

• INTEGRATION AMONG VARIOUS ECONOMIES OF WORLD
• REDUCED  GOVERNMENT RESTRICTIONS & CONTROL
• POLICY OF PLANNNED DISINVESTMENT
• NONE OF THE ABOVE

When the manager allocates duties, authority and responsibilities to subordinates (people below her), we call this...

• Communication

• control

• delegation

• discipline

Just after the Budget 2024, the Bombay Stock Exchange’s price index (Sensex) jumping by 1,277 points points in a day. Identify the environmental factor which led to this rise?

• Legal Environment

• Political environment

• Social Environment

• Economic Environment

"Baby milk powder should necessarily inform the buyers that mothers milk is the best for the baby." Which component of business environment is highlighted in this case?

• Economic environment
• Social environment
• Political environment
• legal environment

McDonald's made significant changes in ingredients of finger chips in India. Identify the dimension of business environment which is responsible for this step of McDonald's?

• Social environment
• Political environment
• Economic environment
• Legal environment

Which of the following is not a part of the business environment of business?

• Customers
  

• Suppliers
  

• Competitors
  

• None of the above