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Business Environment
How is business environment helpful in the ‘improvement of performance’?
In every organisation the study of business environment has an important role as far as its performance is concerned. Those organisations which keep a constant eye on it and analyse it correctly definitely win the race and remain alive for a long time. On the other hand, those organisations which do not care about it cannot remain steadfast in the market, are likely to close down. Therefore, it can safely be asserted that an organisation can improve its present as well as future with the help of the study of business environment.
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Globlisation
Briefly discuss the impact of Government policy changes on business and industry.
How would you characterise business environment? Explain, with examples, the difference between general and specific environment.
Explain, with examples, the various dimensions of business enviornment.
How is business environment helpful in the ‘improvement of performance’?
How ‘first mover advantage’ is made available by the business environment? Give an example.
Explain ‘Dynamic nature’ and ‘Uncertainty’ as features of Business Environment.
Business environment includes both 'specific and general forces'. List any four specific forces.
Why is business environment known as ‘totality of external forces’?
‘Nothing can be said with any amount of certainty about the factors of the business environment.’ Why?
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