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Subjects

Business Studies

Features of business environment

In Class 12 Business Studies, this topic from the chapter “Business Environment” explains the main features of the forces that influence business decisions and performance. Students learn that the business environment is the totality of external factors, including specific forces such as customers and competitors and general forces such as economic, social, political, legal and technological conditions. The topic also covers their interrelatedness, dynamic nature, uncertainty, complexity and relativity, helping learners understand why businesses must continuously monitor and respond to environmental changes.

Expert · Level 3 · 25 questions

TOPIC PRACTICE

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  1. Relativity
  2. Totality
  3. Specific force
  4. Stability
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  1. Because the environment is fully stable
  2. Because the environment is only internal
  3. Because there is no external force
  4. Because the environment is complex and interrelated
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  1. Only internal control
  2. Complete certainty
  3. Interrelated and total impact analysis
  4. Static environment analysis
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  1. Relativity
  2. Totality
  3. Uncertainty
  4. Externality
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  1. Government changes tax for all companies and a major customer stops payment
  2. Company changes its desk
  3. Employees mark attendance
  4. A new curtain is installed in office
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  1. Technology always has one-sided benefit
  2. Technology is an internal force
  3. Technological change has multidimensional and linked effects
  4. Customer trust is unrelated to business
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  1. Specific force
  2. Totality
  3. Complete control
  4. Stability
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  1. Relativity
  2. Specific force
  3. Totality
  4. Uncertainty
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  1. Environmental alertness and adaptation
  2. Complete control over external forces
  3. Isolation from market
  4. Complete end of uncertainty
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  1. One customer complaint becomes a large debate on consumer trust on social media
  2. Company changes an office chair
  3. An employee drinks water
  4. An old file is kept in a cabinet
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  1. Internality
  2. Interrelatedness
  3. Complete stability
  4. Only specific force
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  1. Many external causes affect demand and next season’s sales are unclear
  2. The company’s registration is stable
  3. The office address is written
  4. Old stock is counted
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  1. Total and interrelated approach
  2. Only accounting approach
  3. Completely static approach
  4. Internal furniture approach
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  1. Advertisement is effective before a festival but the same message becomes weak during exam time
  2. Demand remains the same in all seasons
  3. Company always gets the same result
  4. Market never changes
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  1. Incomplete environmental analysis
  2. Complete totality
  3. Complete end of risk
  4. Internal stability
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  1. Competitor is an internal force
  2. Competitor is a specific force and its effect is interrelated
  3. It is only a general force
  4. It has no relation with business
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  1. Company does not make tax policy but can change pricing plan according to it
  2. Company can change every government rule according to itself
  3. Customer income level is internal like company salary budget
  4. Technological change is always under company control
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  1. Relativity and opportunity-threat analysis
  2. Complete stability
  3. Internal accounting
  4. Absence of specific force
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  1. Dynamic nature
  2. Complete control
  3. Stability
  4. Internality
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  1. Company builds a new factory on one large customer's order but ignores policy and demand stability
  2. Company jointly studies many market signals
  3. Company studies both law and cost
  4. Company analyses both customer and competitor
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  1. Main customer is called a specific force
  2. Supplier is called a specific force
  3. Fall in national income is called a specific force of only one company
  4. Competitor is called a specific force
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  1. Total and interrelated nature
  2. Only internal cash control
  3. Complete certainty
  4. Static market
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  1. Listing is not enough; relationships and combined effects of components must also be understood
  2. Listing always gives perfect forecast
  3. Components never connect
  4. Listing removes relativity
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  1. Company estimates demand using surveys, sales trends and policy signals
  2. Company declares future completely certain
  3. Company stops collecting customer information
  4. Company assumes any change is impossible
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  1. Lack of total environmental analysis
  2. Complete opportunity identification
  3. External impact ended
  4. Stable demand proved

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