
XII ISC - 1 BUSINESS ENVIRONMENT 24-25
Quiz by Anita Sinha
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Which of the following is not a feature of business environment?
Under which environment effect were IBM and Coca Cola, forced to leave India?
With the introduction of photostat machine in the market, carbon paper industry was adversely affected. Which dimension of business environment is involved in this case?
Which of the following is not a feature of business environment?
Macro Environment includes …
Which Environment prohibits the advertisement of alcoholic beverages?
Banking sector reforms have led to better services. This is an example of which type of component of the business environment?
Which of the following is not a part of the business environment of business?
Which of the following is not includes Elements of Legal Environment?
Increase in cost of production due to increase in minimum wage rates by Government is an example of:
Macro environment is also called _______.
External factors affecting a business environment also be referred to ___factors.
Environment refers to all those external forces which have a homogeneous (Same) effects on the working of business organizations across business sectors. is called?
Which of the following is not includes Elements of Economic Environment?(
Which of the following is not includes Elements of Social Environment?
________ environment is with in the control of business.
Which of the following is true about Business Environment : –
Business environment keeps on changing on regular basis . This characteristic of the business environment is called : –
Business environment is different for each organization within the same and different industry. This characteristic of the business environment is called :
Assertion(A) -Economic uncertainty, low brand loyalty, and market division and subdivision are just a few symbols that can be used to define the business environment.
Reason(R) – Business environment is getting dynamic where changes are taking place at a slow pace.
Assertion(A) – Manufacturers have flexible manufacturing systems.
Reason(R) – Agricultural and industrial production trends are the economic dimensions of the environment which affect the business environment.
Assertion(A) – Reservation of jobs for backward classes as per the constitution of India affects the business environment
Reason(R) – Various elements of legal dimensions affect the business environment.
‘Yo China’ started its business by offering the exemplary combo of noodles and manchurian. In any case, over the long run, their clients needed better food service, so ‘Yo China’ reacted and started offering sound choices like plates of mixed greens, natural products, wraps and oats. In the event that ‘Yo China’ hadn’t reacted, they might have lost clients that needed to eat better food varieties. The above case features one of the focuses identified with the significance of the business climate and its comprehension by chiefs. Identify it.
Which of the following is not a component of Economic Environment?
Change in Interest rates, inflation rates, changes in disposable income of people are examples of
Unique Ltd. is an electronic goods manufacturing company situated in Uttar Pradesh. It is earning low revenue in comparison to another electronic company ‘Pace Ltd’. situated in Delhi. Both the enterprise are affected by the investors customers, competitors and suppliers in their respective locations. At the same time both are also affected by economic condition, change in technology, etc.
With the introduction of mineral water bottle in India, Bisleri was able to capture thebig market share in India. Which importance of Business Environment is highlighted here.
The Reserve Bank of India reduces CRR (Cash Reserve Ratio) by 0.5% to control recession.This is related to which dimension of Business Environment.
Business environment includes
The environment scanning helps to identify
Which of the following does not explain the impact of government policy changes on business and industry?
Assertion (A): The business environment is the sum total of all the external forces.
Reason (R): The different elements of the business environment are closely interrelated.
Assertion (A): Management is required to remain highly cautious, alert, and adaptable.
Reason (R): The Business Environment is dynamic in nature.
Assertion (A): Bangalore is called the silicon valley of India.
Reason (R): The favorable economic conditions of the country encouraged the IT industry.
Assertion (A): All the forces of the business environment are within the control of a business firm.
Reason (R): The business environment is a source of various resources such as man, machine, money, raw material, power, etc. to a business firm.
Assertion (A): Timely understanding of the Business Environment helps to make suitable changes in the organization.
Reason (R): A firm gets various resources or inputs from its business environment.
Assertion (A): Advertisement of alcoholic products is prohibited.
Reason (R): This constraint is levied by the economic environment.
Assertion (A): A company, which is conscious about the changes in the business environment can take better advantage of opportunities instead of losing them to competitors.
Reason (R): External environment provides numerous opportunities for business units.
Assertion (A): General forces of the business environment affect all the firms of an industry equally.
Reason (R): Specific forces include investors, competitors, customers, etc. who influence business firms directly.
Assertion (A): Equal pay to male and female workers for equal work is an example of the social environment.
Reason (R): Analysis and understanding of the social environment is important as it determines the products.
Assertion (A): The entry of new firms in the market may make an enterprise think afresh about how to deal with the situations.
Reason (R): The business environment assist in planning and policy formulation.
Assertion (A): Turbulent market conditions, less brand loyalty, division, and sub-division of the market are just a few of the images to describe the business environment.
Reason (R): The business environment is getting dynamic where changes are taking place at a slow pace.
Assertion (A): Demand for sarees may be fairly high in India whereas it may be almost non-existent in France.
Reason (R): Business Environment consists of numerous interrelated and dynamic conditions of forces that arise from different sources.
Assertion (A): Understanding and analyzing of Business Environment provides the base for planning and policy formulation.
Reason (R): Environment is a source of both opportunities and threats for a business enterprise.
Any kind of external devices, like compact discs (CD’s) for computer, have become obsolete. Google, with its Google Drive service, Apple with its iCloud offering, enables the users store documents, photos, music and movies on web-based servers. Identify the feature of business environment being described in the above lines.
The Uttarakhand government has developed surveillance network using latest satellite technology. Under this system, the state’s mining department would be in a position to check illegal mining activities across the state. The state government is also considering the use of drones in its proposed campaign against illegal mining. Identify the related dimensions of business environment.
‘Yo Tummy’ began its business by offering the classic combo of hamburgers and fries. But over time, their customers wanted healthier foods, so ‘Yo Tummy’ responded and began offering healthy alternatives such as salads, fruits, wraps and oatmeal. If ‘Yo Tummy’ hadn’t responded, they may have lost customers that wanted to eat healthier foods. The above case highlights one of the points related to the importance of business environment and its understanding by managers. Identify it.
As a result of major government initiatives, more and more people are going ‘green’. In order to keep in line with the trend, ‘Clapaway’ a carpet cleaning company has advertised that they only use natural cleaners that come from renewable resources and that all their service vehicles are hybrid vehicles that use both gas and electricity. Identify one of the points related to the importance of business environment and its understanding by managers which is being highlighted in the above case.
According to the World Health Organization, 39% of adults are overweight. Over the last 40 years, the prevalence of obesity has tripled around the world. With over half of consumers drinking at least one sugary drink on a given day, regulations towards the beverage sector are likely to become increasingly onerous. In the U.K., for example, a sugar tax was introduced in 2018 on beverages containing more than 5% sugar. Identify the related dimensions of business environment.
India’s population is expected to grow under 0.5 per cent during 2031-41 due to decline in fertility rate and increase in life expectancy. These changes in India’s demography will also have implications such as the proportion of elementary school-going children will witness significant declines, lack of hospital beds and increase in retirement age. The related feature of business environment being described in the above lines is
The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI inflow in India increased by 48% since the launch of “Make in India” initiative.Identify the concept being described in the above lines, with regard to inflow of FDI.
Which of the following is a feature of demonetization?
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 liberalization, privatization and globalization has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.