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Business Environment
Write three impacts of technological environment on business.
The following are the examples of impact of technological environment on business:
(i) With the advent of television in the market, the cinema and the radio industry were adversely affected.
(ii) With the arrival of the photostat machines in the market, the carbon paper industry suffered a set back.
(iii) With the entry of synthetic thread in the market, the cotton cloth industry was badly affected.
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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?
Is the effect of various factors of business environment on business can be recognised separately?
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