Ch-3(Business Environment)

Chapter- 3 Business Environment 

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Video explanation of the chapters (Including Deleted topics of CBSE so suitable for CUET Preparations): Click here 

Watch this video on Dimensions of the Environment of Business

Syllabus

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Direct questions

1.  What is the business environment?
2.   Differentiate between general and specific environments.
3.  What are the features or nature of the business environment? 
4.   Discuss the importance of the business environment.
5. What do you understand by the term ‘environment scanning’?
6. What do you mean by threats and opportunities, give example also?     
7. Discuss dimensions of the Business Environment with 2 examples each.
8.  What changes were made in the industrial policy in the recent past?
9. What do you mean by disinvestment?
10. Explain the terms liberalization, globalization, and privatization.
11. Discuss the impact of change in government policy on business and industry
12. What are managerial responses to changes in Business Environment? ( For the answer Click here )( for a video on this topic CLICK HERE)
13. What do you mean by Demonetization? (Click here to check extract from new revised NCERT Book ) 

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Indirect questions

1.      Why is it important to understand the environment in shaping the future of business?
2.     What are the benefits of understanding the business environment?
3.      Shifts in the presence of women in the workforce come under which environment? Explain that environment.
4.     "Business environment is is easy to understand in parts separately but it is difficult to understand in totality.” Identify feature of the Business environment from this statement and explain other features.
5.      Identify dimensions of the business environment related to the following situations:

i)        It is common now to see CD-ROMs, computerized information kiosks, and Internet/ World Wide Web multimedia pages highlighting the virtues of products.

ii)      Demand to reserve jobs for minorities and women

iii)    Advertisements, including packets of cigarettes carry the statutory warning ‘Cigarette smoking is injurious to health’.

iv)    Money supply in the economy

v)      The  health-and-fitness trend has  harmed business in other industries like dairy processing, tobacco, and liquor

vi)    High inflation rates generally result in constraints on business enterprises as they increase the various costs of business such as the purchase of raw materials or machinery and payment of wages and salaries

vii)  The government in Hyderabad is taking a keen interest in boosting the IT industry as a result the state is most commonly known as Cyberabad  instead of Hyderabad

6. Out of liberalization, privatization & globalization, which one is associated with.

(a) NDPL & BSES instead of Delhi Vidyut Board

(b) Easy movement of information and technology with the rest of the world

(c ) No restriction on expansion and contraction of business activities

(d) Free flow of goods and services across nations

7. Explain briefly five ways in which Indian managers are responding to changes in the business environment

 

Identify the dimension of the business environment applicable in different situations
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Question

What are the three major reforms covered under the new industrial policy 1991?

Answer Click here 

Question

What are the broad features of the new industrial policy 1991?

Answer   click here

Play the LPG quiz  to check the knowledge of 3 Major Economic reforms 

(Liberalisation, Privatisation and Globalisation )

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Try a quiz based on Chapter -3 (business Environment)