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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.

Expert · Level 6 · 24 questions

TOPIC PRACTICE

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24 questions

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  1. Inflation can make raw material expensive and reduce customer purchase quantity
  2. Inflation changes machine colour
  3. Inflation ends law
  4. Inflation always makes customers buy more
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  1. Only internal weakness
  2. Policy and technological opportunity
  3. Natural threat
  4. Accounting mistake
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  1. Early warning and preparation
  2. Employee entertainment
  3. Asset decoration
  4. Hiding cash
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  1. It should study both economic and legal signals together
  2. It should see only office file
  3. It should always ignore customer
  4. It should sell machine
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  1. Government enforced a new safety rule and company changed process
  2. Company changed its table
  3. Employee chose tea
  4. Office placed a calendar
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  1. Social environment
  2. Technological environment
  3. Natural environment
  4. Office environment
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  1. Legal environment
  2. Storage environment
  3. Social environment
  4. Accounting environment
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  1. Full control
  2. Relativity
  3. Stability
  4. Uniformity
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  1. Environment based service strategy
  2. Only warehouse decision
  3. Only furniture decision
  4. Only cash decision
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  1. Flexible planning and regular review
  2. Keeping the same plan always
  3. Not reading any signal
  4. Ignoring law
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  1. Relation between social and technological environment
  2. Relation of only natural environment
  3. Relation of only internal wage
  4. Relation of only machine repair
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  1. Supply and economic risk
  2. Only office risk
  3. Only employee risk
  4. Only furniture risk
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  1. Including external law and customer preference
  2. Treating only employee skill and machine capacity as environment
  3. Observing economic policy and competitor strategy
  4. Studying social values and technology
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  1. Social awareness can change demand
  2. Demand always remains stable
  3. Health campaign is only internal matter
  4. Customer behaviour has no relation with environment
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  1. Success is always certain from tax relief
  2. Social demand competition and cost should also be studied
  3. Customers should be ignored
  4. Technology never affects
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  1. Not studying specific and general factors in balance
  2. Reading too many internal files only
  3. Not writing company name
  4. Not preparing salary slip
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  1. Effect of natural environment on economic and operating decisions
  2. Effect of only office decoration
  3. Effect of only employee leave
  4. Effect of only cash counting
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  1. Company postpones foreign market entry after observing a new government policy
  2. Employee cleaned table
  3. Company placed picture on wall
  4. File was kept in cupboard
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  1. Combined effect of specific and legal environment
  2. Only natural environment
  3. Only customer environment
  4. Only advertising environment
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  1. Only reducing price and leaving quality
  2. Balanced strategy according to competition and customer expectation
  3. Ignoring customers
  4. Leaving the market
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  1. Gaining first mover advantage
  2. Internal error
  3. Accounting confusion
  4. Natural disaster
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  1. Ignoring uncertainty
  2. Excess understanding of totality
  3. Correct understanding of social environment
  4. Perfection of customer service
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  1. Effect of external social environment on many functions
  2. Effect only on machine
  3. Effect only on cash
  4. Effect only on building
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  1. It is a dynamic interrelated and relative influence system of external stakeholders and broad forces
  2. It is only the wage structure inside the company
  3. It is only the list of purchasing goods
  4. It is only a collection of owner personal ideas

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