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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 6 · 25 questions

TOPIC PRACTICE

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25 questions

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  1. Complete control
  2. Internal stability
  3. Absence of externality
  4. Environmental adaptation
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  1. New furniture is installed in office
  2. National inflation rises and the main supplier also raises price
  3. Employees make identity cards
  4. Old files are arranged in order
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  1. Interrelatedness
  2. Only internality
  3. Complete stability
  4. Specific force
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  1. Because demand is always certain
  2. Because environment has both complexity and uncertainty
  3. Because there is no external factor
  4. Because company controls everything
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  1. Company makes a big investment after seeing only one viral post
  2. Company studies law demand cost and technology together
  3. Company observes both competitor and customer response
  4. Company connects social and economic trends
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  1. Internal salary relation
  2. Static demand relation
  3. Mutual effect of external signals
  4. Complete control relation
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  1. Externality and stability
  2. Dynamism and uncertainty
  3. Internality and simplicity
  4. Totality and complete certainty
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  1. The same package colour is considered auspicious in one market and unsuitable in another
  2. All markets have the same culture
  3. Customers never notice symbols
  4. Packaging has no relation with business
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  1. The company misunderstood totality and interrelatedness
  2. The company fully understood externality
  3. The company eliminated uncertainty
  4. The company proved relativity
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  1. Taking decision without study
  2. Ignoring all customer trends
  3. Estimating demand after market survey and competitor analysis
  4. Declaring the future fully certain
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  1. Major customer makes payment terms stricter
  2. National income increases
  3. Government changes education policy
  4. Proportion of youth in population increases
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  1. Total and interrelated analysis
  2. Only cash flow
  3. Complete stability
  4. Absence of specific force
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  1. Company said consumer income level is an internal decision like salary policy
  2. Company treated customer preference as external factor
  3. Company treated law as external force
  4. Company treated competitor as external stakeholder
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  1. Better total analysis
  2. Ignoring environmental change
  3. Complete removal of uncertainty
  4. Correct identification of specific force
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  1. New import rule affects cost supply time customer price and profit margin
  2. Employee cleans desk
  3. A plant is placed in office
  4. Old receipt is filed
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  1. Market changes and the impact of change differs by region
  2. Market is stable and same everywhere
  3. Customer preference never changes
  4. External forces are unrelated to business
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  1. Only stability
  2. Only internal policy
  3. Interrelated effect of a specific force
  4. Absence of general force
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  1. Environmental adaptation and opportunity identification
  2. Complete market stability
  3. Only interior decoration
  4. Ignoring uncertainty
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  1. Components are often connected and create combined impact
  2. Components never change
  3. Business has no external effect
  4. Future is always certain
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  1. Company makes flexible production plan for possible demand
  2. Company assumes future is fully certain
  3. Company stops collecting market information
  4. Company treats every customer as identical
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  1. Company applies only one common office rule
  2. Demand for a product changes differently according to income culture weather and region
  3. Company prints employee list
  4. Company keeps old receipt
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  1. Environmental alertness and adaptation
  2. Complete control
  3. Ignoring environment
  4. Static policy
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  1. It is only a technique to increase profit
  2. It is a complex and interrelated group of changing external forces whose impact varies by context
  3. It is only an internal list of company
  4. It is completely simple and certain
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  1. It is correct because small businesses are free from external forces
  2. It is wrong because both small and large businesses are affected by external dynamic forces
  3. It is correct because customers do not affect small businesses
  4. It is wrong because environment is made only of employees
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  1. Lack of environmental opportunity identification
  2. Complete adaptation ability
  3. Accurate total analysis
  4. Complete future certainty

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