Business Environment - II

1) Nature of relationships of a country with foreign countries influences the business.

• Political environment

• Social environment

• Economic environment

• Legal environment

2) With change in the consumption habits of people, Mitesh who was running a sweet shop shifted to chocolate business. On the eve of Diwali he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolove.com for taking orders online. He got a lot of orders online and earned huge profits by selling chocolates. Identify the dimension in the underlined part.

• Political environment

• Social environment

• Economic environment

• Technological environment

The court passed an order that all schools must have water purifiers for the school children as:

1. Society in general is more concerned about the quality of life.

2. Innovative techniques are being developed to manufacture water purifiers at competitive rates.

3. Incomes are rising and children and children at home are also drinking purified water.

4. The government is also showing positive attitude towards the water purifier business.

Identify the correct order of Business Dimensions from point 1 to point 4

• Political, Economic, Technological, Social, Legal

• Legal, Political, Economic, Technological, Social

• Social, Technological, Economic, Political

• Legal, social, technological, Economic

4) The finance minister reduced the repo rate to overcome recession. Which dimension of business is highlighted here?

• Economic environment

• Social environment

• Political environment

• Legal environment

6) Attractive rate of interest on home loans have increased the demand for homes and has given a boost to the business to the business builders and property dealers. Which dimension of business environment is highlighted by the statement?

• Political environment

• Social environment

• Economic environment

• Legal environment

6) Now the paint companies use computers to mix the colours to come out with consumers desired shades for whitewash purpose. Which dimension?

• Social dimension

• Technological dimension

• Economic dimension

• Legal dimension

7) The project of Nano car re-established in Gujarat is indicated by which factor of environment?

• Economic factor

• Political factor

• Social factor

• Legal factor

8) In August 1993, the Supreme court passed an order to close the iron foundries around the famous Taj Mahal to avoid an adverse impact of air pollution caused by them on the beauty of Taj Mahal. Which dimension is discussed here?

• Social

• Economic

• Political

• Legal

Subsidies are part of which environment?

• Political

• Social

• Economic

• Legal

10) Identify the following in order:

i. On account of increase in export duty made by the government, the foreign demand has gone down.

ii. The government permitted cent percent foreign Direct Investment in some sectors of retailing.

• Political, Economic

• Economic, Political

• Economic, Economic

• Political, Political