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Subjects

Business Studies

Meaning of business environment

In Class 12 Business Studies, this topic explains the meaning of the business environment—the totality of external forces, conditions and institutions that influence how a business operates and makes decisions. Students understand why a business cannot function in isolation and how changes in economic, social, political, legal, technological and competitive conditions can create opportunities or challenges. It provides a clear foundation for studying the features and importance of the Business Environment chapter.

Easy · Level 2 · 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. Change in interest rate
  2. Office tile
  3. Owner's favourite book
  4. Company chair
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  1. It affects decisions and performance
  2. It only paints walls
  3. It only counts files
  4. It only closes shop
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  1. Employee's lunch box
  2. New consumer protection policy
  3. Office curtain
  4. Company's pen stand
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  1. Customers and suppliers
  2. Sun and moon
  3. Pen and paper
  4. Wall and roof
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  1. Economic and social conditions
  2. Only company bag
  3. Only owner's watch
  4. Only office table
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  1. It is dynamic and keeps changing over time
  2. It is static and remains unchanged even when conditions change
  3. It is determined only by the decisions of one individual
  4. It is limited only to machines used in production
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  1. Business may need to change its process
  2. Business will never be affected
  3. Only owner's name will change
  4. Only number of chairs will reduce
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  1. Only inside the shop
  2. Only owner's house
  3. External conditions affecting business
  4. Only bank account
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  1. Rapid rise of digital payment in the market
  2. Keeping an old chair in shop
  3. Keeping a pen on table
  4. Changing cupboard key
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  1. Competitors
  2. Legal rules
  3. Consumer taste
  4. Only length of a pencil
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  1. External effect of business environment
  2. Employee's personal decision
  3. Office decoration
  4. Owner's holiday plan
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  1. Changing external conditions
  2. Only old furniture
  3. Only private photos
  4. Only closed room
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  1. It is dynamic
  2. It can be complex
  3. It consists of many factors
  4. It is always fully controllable
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  1. New labour law
  2. Rising inflation in the market
  3. Changing consumer preferences
  4. New production technology
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  1. Because it includes many external forces
  2. Because it has only one file
  3. Because it is only one room
  4. Because it is only cash box
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  1. Economic environment
  2. Office environment
  3. Personal environment
  4. Decoration environment
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  1. New production machine and automation
  2. Owner's personal diary
  3. Office water bottle
  4. Colour of company wall
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  1. It is a group of external forces that create opportunities and threats for business
  2. It is only building construction
  3. It is only employees' food
  4. It is only cash box
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  1. Because political condition is part of business environment
  2. Because it is only employee leave
  3. Because it is only changing a chair
  4. Because it is only paper quality
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  1. Legal factor
  2. Personal factor
  3. Decoration factor
  4. Informal key
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  1. Demographic environment
  2. Only office repair
  3. Only bank cheque
  4. Only machine oil
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  1. Weather and climate condition
  2. Company stamp
  3. Office chair
  4. Owner's personal letter
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  1. Many factors affect business together
  2. Only one pen is kept on table
  3. Shop board is straight
  4. Owner wore a new cup
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  1. It may be difficult to predict future changes accurately
  2. Every change is fully fixed in advance
  3. Business has no risk
  4. Customers never change
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  1. Adaptation
  2. Permanent mistake
  3. Office decoration
  4. Personal expense

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