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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 5 · 25 questions

TOPIC PRACTICE

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25 questions

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  1. Specific customer force
  2. Simple environment
  3. Complete control
  4. Totality of external forces
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  1. General economic force
  2. Specific force
  3. Political general force
  4. Natural force
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  1. Specific supplier force
  2. Only internal finance
  3. Economic general force
  4. Direct competitor force
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  1. Relativity
  2. Complete sameness
  3. Simplicity
  4. Internal control
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  1. Complete stability
  2. Interrelatedness
  3. Only internal policy
  4. Single effect
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  1. Totality
  2. Relativity
  3. Specificity
  4. Dynamic nature
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  1. Complexity
  2. Complete prediction
  3. Stability
  4. Uniform effect
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  1. Dynamism
  2. Specific force
  3. Uncertainty
  4. Totality
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  1. Only internal operations
  2. Totality of external forces
  3. Complete control
  4. Stable demand
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  1. Economic general force
  2. Legal general force
  3. Natural force
  4. Specific force
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  1. Dynamism shows change and complexity shows difficulty in understanding combined impact of changes
  2. Dynamism is only internal and complexity is only static
  3. Both mean complete control
  4. Both relate only to number of employees
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  1. Totality
  2. Complete same effect
  3. Relativity
  4. Stability
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  1. Only specific force
  2. Totality of external forces
  3. Complete control
  4. Simple environment
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  1. Economic general force
  2. Natural force
  3. Cultural general force
  4. Specific force
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  1. Change in government interest rate policy affecting home loans and furniture demand
  2. One customer changing an order
  3. One salesperson phone being switched off
  4. One supplier bill arriving late
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  1. Static environment
  2. Specificity only
  3. Totality of external forces
  4. Complete control
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  1. Complete stability
  2. Interrelatedness
  3. Only specific force
  4. Internal control only
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  1. Totality
  2. Relativity
  3. Complete control
  4. Uncertainty
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  1. Relativity
  2. Complete sameness
  3. Simplicity
  4. Only internal policy
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  1. Complete simplicity
  2. Stability
  3. Complexity
  4. Single cause
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  1. Totality
  2. Relativity
  3. Complete control
  4. Uniformity
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  1. Direction of external rules is completely fixed
  2. Company controls all customers
  3. It is unclear how cost technology and consumer preference will change next year
  4. Market demand always remains same
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  1. Economic general force
  2. Political general force
  3. Natural force
  4. Specific force
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  1. Totality of external forces
  2. Complete stability
  3. Only internal efficiency
  4. Simple market
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  1. Dynamism only
  2. Specificity only
  3. Interrelatedness
  4. Complete control

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