Q1: _____________ means the sum of all individuals, institutions and other forces that are outside the control of business enterprise but that may affect its performance.
Fill in the above blank with suitable concept.
Ans: (d) Environment
Q2: Business Environment means the sum of all individuals, institutions and other forces that are outside the control of business enterprise but that may affect its performance.
Which feature of business environment is highlighted above?
Ans: (a) Totality of external forces
Q3: Increased life expectancy of people and increased awareness for health care have increased the demand for many health products and services like coke, fat free cooking oil, and health resorts. New health products and services have in turn changed people’s lifestyles.
Which feature of business environment is highlighted above?
Ans: (b) Inter relatedness
Q4: It may be difficult to know the extent of the relative impact of the social, economic, political technological or legal factors on change in demand of a product in the market.
Which feature of business environment is highlighted above?
Ans: (a) Complexity
Q5: Political conditions in the USA, differ from those in China or Sri Lanka.
Which feature of business environment is highlighted above?
Ans: © Relativity
Q6: Which of the following is not the feature of business environment?
Which feature of business environment is highlighted above?
Ans: (b) Helps in improving performance
Q7: Maruti Udyog became the leader in the small car market because it was the first to identify the need of small cars in an environment of rising petrol prices a large middle-class population.
Which importance of understanding business environment is highlighted in above case?
Q8: If an Indian firm gets to know that a foreign multinational is entering the Indian market with better quality product at less price then based on this information the Indian firm can prepare themselves to meet the competition by adopting appropriate measures in time.
Which importance of understanding business environment is highlighted in above case?
Ans: (b) Helps the firm to identify threats and early warning signals
Q9: Which of the following is not the importance of understanding business environment?
Ans: (b) Specific and general forces
Q10: Aman, MD of ABC construction Ltd is of the view that in case of construction companies and automobile manufacturers, low longer-term rates are beneficial because they result in increased spending by consumers for buying homes and cars on borrowed money.
Which element of business environment is highlighted above?
Ans: (a) Economic Environment
Q11: Aryan, General Manager of XYZ Ltd discussed in a meeting with its planning department that High inflation rates generally results in constraints on business enterprise as they increase the various costs of business such as the purchase of raw material or machinery and payment of wages and salaries to employees
Which element of business environment is highlighted above?
Ans: (a) Economic Environment
Q12: A study related to effect of environment on business revealed that the celebration of Diwali, Eid Christmas and Guru Parvo in India provides significant opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and many related business
Which element of business environment is highlighted above?
Ans: (b) Social Environment
Q13: In a recent market research it is revealed that the health and fitness trend has become popular among large number of urban dwellers. This has created a demand for products like organic food, diet soft drinks, gyms, bottled water and food supplements.
Which element of business environment is highlighted above?
Ans: (b) Social Environment
Q14: Certain Changes like shifts in demand from vacuum tubes to transistors, from steam locomotives to diesel and electric engines, from fountain pens to ball pointy, from propeller airplanes to jets and from typewriters to computer-based word processors have all been responsible and creating new business.
Which element of business environment is highlighted above?
Ans: © Technological Environment
Q15: Even after opening of our economy in 1991, foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India Sometimes it took months to process even application for the purpose. As a result these companies were discouraged from investing in our country.
Which element of business environment is highlighted above?
Ans: (d) Political Environment
Q16: The advertisement of alcoholic beverages is prohibited. Advertisements including packets of cigarettes carry the statutory warning “Cigarette smoking is injurious to health”. Similarly, advertisements of baby food must necessarily inform the potential buyer that mother’s milk is the best. All these regulations must be followed by advertisers.
Which element of business environment is highlighted above?
Ans: © Legal Environment
Q17: _______________ economic reform was aimed at giving freedom to Indian business and industry from all unnecessary controls and restrictions.
Fill in the above blank with suitable reform.
Ans: (A) liberalisation
Q18: ___________economic reform means the integration of the various economies of the world leading towards the emergence of a cohesive global economy. Fill in the above blank with suitable reform.
Ans: (d) Globalisation
Q19: _____________ economic reform aimed at giving greater role to the private sector in the nation building process and a reduced role to the public sector.
Fill in the above blank with suitable reform.
Ans: (d) Privatisation
Q20: Under Privatisation, to redefine the role of public sector, government adopted the policy of planned disinvestment of public sector and decided to refer the loss making and sick public sector enterprises to which of the following?
Ans: (b) Board of industrial and Financial Reconstruction
Q21: On which of the following dates Demonetisation was announced?
Ans: (a) November 8, 2016
Q22: Which of the following is the feature of Demonetisation?
Ans: (d) all the above
Q23: On which of the following sectors there was no effect of demonetisation?
Ans: © Public sector wealth
Q24: Which of the following is not the impact of government policy changes on business and industry?
Ans: © Demonetisation
Q25: Earlier firms used to produce first and then go to the market for sale later, but after new economic policy now, firms’ study and analyse the market first and produce goods accordingly.
Which impact of New economic policy on business and industry is highlighted in above case.
Ans: © market Orientation
NOTES UNIT-2 ENTREPRENEURIAL PLANNING CLASS-XII SUBJECT- ENTREPRENEURSHIP
There are two ways by which you can see some objects colorful, let's say RED…
What is the formula of Lorentz force q = charge B = Magnetic Fields E…
MCQs on Electrostatic Potential & Capacitance - Chapter 2 - Class 12 CBSELove to Learn…
A. Which out of the following are conductors Metal Human Body Animal Bodies Earth All…
MCQs with answer explanation on - Solutions Chapter -2 Class 12 Prepared by Experts MCQ…