TextBook Solutions for Uttarakhand Board Class 12 Business Studies Business Studies I Chapter 3 Business Environment

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TextBook Solutions for Uttarakhand Board Class 12 Business Studies Business Studies I Chapter 3 Business Environment

Question 1

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What do you mean by Business Environment?

Solution

Business environment means the sum total of those factors which influence the business and over which the business has no control.

Question 2

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Why it is important for business enterprises to understand their environment? Explain briefly.

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Question 3

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Mention the various dimensions of business environment.

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Question 4

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Liberalisation

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Question 5

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Privatisation

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Question 6

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Globlisation

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Question 7

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Briefly discuss the impact of Government policy changes on business and industry.

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Question 8

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How would you characterise business environment? Explain, with examples, the difference between general and specific environment.

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Question 9

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Explain, with examples, the various dimensions of business enviornment.

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Question 10

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How is business environment helpful in the ‘improvement of performance’?