Business Environment-Important Questions


CHAPTER 3: Business Environment

  1. Explain the term ‘Business environment’ briefly?
  2. List any 4 features of business environment?
  3. How does understanding of business environment help the management in the following:-
    1. Identification of threats and warnings.
    2. Formulation of strategies and policies.
  4. Identify the role of political environment in shaping the business?
  5. How does change in technology effect the business environment?
  6. Abby electronics Ltd” was operating its business in Australia. The company Started exporting its products to India as soon as the government announces relaxation in import duties on electronic items. The company appointed retailers in India who had direct on line links with the suppliers to replenish stocks when needed.
  7. Identify and explain dimensions of business environment discussed above.
  8. Write short notes on:-
    1. Liberalisation
    2. Globalisation
    3. Privatisation
  9. Define demonetisation? What was the purpose of demonetisation?
  10. Discuss the impact of change in government policy on business and industry?
  11. Briefly discuss the threats created by liberalisation and globalisation?