12th Business Environment - Revision

Which of the following is a factor of the social environment of business?

• Customs

• Rate of Interest

• Level of education

• All of the above

Identify the environment factor which requires that advertisement of baby food must inform the potential buyers that mother's milk is best.

• Social

• Technological

• Legal

• Economic

Which of these is an example of social environment?

• Cell phones have taken over the market from landline phone

• There has been a movement for improving education facilities for girls. This would lead to increase in the demand for school dress, books, stationery, etc.

• To tackle the problem of recession, RB has allowed the commercial banks to reduce the interest rates on

• Artificial fibre cloth has killed the pure cotton textiles industries

TRUE OR FALSE:

A retailer of gold jewelry is not affected by changes in the prices of gold.

• TRUE

• FALSE

TRUE OR FALSE:

A terrorist attack in a shopping mall is likely to affect many business.

• TRUE

• FALSE

TRUE OR FALSE:

Demonetization is viewed as a tax administration measure.

• TRUE

• FALSE

Identify the significance of Business Environment:

Mr. Ajay, after doing MBA from U.S.A. comes to India to start a new business named A.G. Creations Ltd. He lauches a new product in e-learning for Sr. Secondary School students in different subjects whch already has been established market in UK AND USA but not in India. His business starts flourishing in India. After seeing him flourishing, more Indian companies are now trying to enter the market with new substitutes.

• Identify opportunities and get first mover advantage

• Identify threats and early warning signals

• Tapping useful resources

• Improving performance

Identify the business environment:

'The export of rice has been affected on account of bitterness created in the relations with one of the rice exporting countries.

• Economic

• Political

• Social

• Legal

Identify the characteristic of Business Environment:

The company knows the demand for these products is unpredictable as new designs keep on coming and the industry keeps changing frequently.

• Relativity

• Uncertainity

• Inter-relatedness

• Complexity

'Remuneration of employees should be just and fair' is related to which Business environment?

• Economic

• Social

• Legal

• Political