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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.

Hard · Level 1 · 25 questions

TOPIC PRACTICE

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Up to 25 questions from this page. Select your focus, then start.

25 questions

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  1. Relativity
  2. Uncertainty
  3. Totality
  4. Specific force
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  1. Customer is specific force and inflation is general force
  2. Customer is general force and inflation is specific force
  3. Both are specific forces
  4. Both are internal forces
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  1. Stability
  2. Internality
  3. Relativity
  4. Interrelatedness
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  1. Complexity
  2. Relativity
  3. Totality
  4. Internal control
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  1. Company registration number remains fixed
  2. Office seating arrangement changes
  3. Customer preferences change rapidly and exact next demand is difficult to predict
  4. Employee attendance list is prepared
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  1. It is a general force and also shows relative impact
  2. It is only a specific force
  3. It is only an internal decision
  4. It is not an environmental factor
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  1. Complete certainty
  2. Stability
  3. Internality
  4. Interrelatedness
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  1. Company can always control external factors
  2. Many components affect separately and jointly and their total result is not simple
  3. Customers have no relation with business
  4. Every decision is made only by accounts department
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  1. Tax rate decreases across the country
  2. Long term change occurs in population structure
  3. Main supplier suddenly stops raw material
  4. National income increases
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  1. Totality
  2. Dynamic nature
  3. Specific force
  4. Relativity
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  1. It consists of forces outside the company which it does not directly control but which affect decisions
  2. It consists only of private behaviour of employees
  3. It consists only of machines in production department
  4. It is completely determined by the company's wish
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  1. Complete certainty
  2. Internal control
  3. Complexity
  4. Stability
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  1. Interrelatedness
  2. Totality
  3. Stability
  4. Relativity
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  1. Interest rate rise increased borrowing cost of many companies
  2. Population change altered demand for many products
  3. National income decline reduced market capacity
  4. One customer's complaint was called a general force
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  1. Company increases production without information
  2. Company estimates future demand better through market survey and policy analysis
  3. Company hides customer feedback
  4. Company only sees old data without analysis
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  1. Absence of specific force
  2. Interrelatedness of environmental components
  3. Complete stability
  4. Internal accounting
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  1. Company studies only one seller's price
  2. Company only decides employee leave
  3. Company forms entry strategy from combined effect of demand law cost technology and culture
  4. Company only changes office colour
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  1. Relativity
  2. Dynamism
  3. Uncertainty
  4. Totality
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  1. Relativity
  2. Stability
  3. Specific force
  4. Internality
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  1. It is an aggregate of many external forces
  2. Its components are interrelated
  3. It is completely static and certain
  4. Its impact can vary with situation
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  1. Ignore external changes
  2. Change laws according to itself
  3. Collect information and make adaptive strategy
  4. Stop customers from changing preferences
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  1. Competitor's new product reduces the same company's market share
  2. Government imposes tax on all industries
  3. Inflation rises in the country
  4. Population structure changes
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  1. Only interior decoration and salary
  2. Opportunity identification and complexity of environment
  3. Only account reconciliation and cash control
  4. Complete stability and complete control
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  1. Stability
  2. Single impact
  3. Interrelatedness
  4. Relativity
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  1. A policy may have different impact in recession and boom
  2. Law always gives the same opportunity at every time
  3. Market decides office wall colour
  4. Every industry has equal profit

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