Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- What is the business environment factor affecting PQR Enterprises in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Correct Answer: Government policies
Solution : The correct answer is (C) Government policies
The business environment factor affecting PQR Enterprises in this case is government policies, particularly those related to taxation. Changes in government policies can have a significant impact on a business, and in this scenario, PQR Enterprises needs to adapt its operations to comply with these new policies and minimize the impact on its profitability.
Question : Case Study 11: Role of Government Schemes
A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and incentives.
Question:
How did the government's financial assistance impact the tech company?
Option 1: It led to the closure of the company
Option 2: It increased competition from other tech firms
Option 3: It supported the company's initiative in rural areas
Option 4: It increased taxation for the company
Correct Answer: It supported the company's initiative in rural areas
Solution : The correct answer is (c) It supported the company's initiative in rural areas
The government's financial assistance supported the tech company's initiative to bridge the digital divide in rural areas. This assistance likely played a crucial role in helping the company implement its vision and contribute to digital inclusion in rural regions.
Question : Which body is constituted by the President of India to advise on the decision of Central Resources between the central and the State ?
Option 1: Tariff Commission
Option 2: Finance Commission
Option 3: Planning Commission
Option 4: Taxation Enquiry Commission
Correct Answer: Planning Commission
Solution : The correct option is Planning Commission.
The Planning Commission was officially established by the President of India to advise on the allocation of national resources between the central government and the states. The Planning Commission was instrumental in developing Five-Year Plans and awarding monies for different development projects and programmes. But in 2015, Planning commission was superseded by NITI Aayog.
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- How can PQR Enterprises adapt to the changes in government policies?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By implementing cost-cutting measures
Option 4: By diversifying into unrelated businesses
Correct Answer: By finding alternative suppliers
Solution : The correct answer is (B) By finding alternative suppliers
Adapting to changes in government policies, particularly in the context of taxation, may involve finding alternative suppliers, optimizing the supply chain, or making adjustments to the procurement process to minimize the impact of the policy changes on the company's operations and profitability.
Question : In the late 18th century, what was a significant challenge faced by peasants in rural society?
Option 1: Lack of educational opportunities
Option 2: High taxation by zamindars
Option 3: Industrial competition
Option 4: Urban migration
Correct Answer: High taxation by zamindars
Solution : Peasants in the late 18th century rural society faced high taxation by zamindars, which was a significant challenge affecting their livelihood and economic stability.
Question : Case Study 11: Role of Government Schemes
A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and incentives.
Question:
How did the government's financial assistance impact the tech company?
Option 1: It led to the closure of the company
Option 2: It increased competition from other tech firms
Option 3: It supported the company's initiative in rural areas
Option 4: It increased taxation for the company
Correct Answer: It supported the company's initiative in rural areas
Solution : The correct answer is (c) It supported the company's initiative in rural areas
The government's financial assistance supported the tech company's initiative to bridge the digital divide in rural areas. This assistance likely played a crucial role in helping the company implement its vision and contribute to digital inclusion in rural regions.
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- How can PQR Enterprises adapt to the changes in government policies?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By implementing cost-cutting measures
Option 4: By diversifying into unrelated businessescu
Correct Answer: By finding alternative suppliers
Solution : The correct answer is (B) By finding alternative suppliers
Adapting to changes in government policies, particularly in the context of taxation, may involve finding alternative suppliers, optimizing the supply chain, or making adjustments to the procurement process to minimize the impact of the policy changes on the company's operations and profitability.
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- How can PQR Enterprises adapt to the changes in government policies?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By implementing cost-cutting measures
Option 4: By diversifying into unrelated businessescu
Correct Answer: By finding alternative suppliers
Solution : The correct answer is (B) By finding alternative suppliers
Adapting to changes in government policies, particularly in the context of taxation, may involve finding alternative suppliers, optimizing the supply chain, or making adjustments to the procurement process to minimize the impact of the policy changes on the company's operations and profitability.
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- How can PQR Enterprises adapt to the changes in government policies?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By implementing cost-cutting measures
Option 4: By diversifying into unrelated businesses
Correct Answer: By finding alternative suppliers
Solution : The correct answer is (B) By finding alternative suppliers
Adapting to changes in government policies, particularly in the context of taxation, may involve finding alternative suppliers, optimizing the supply chain, or making adjustments to the procurement process to minimize the impact of the policy changes on the company's operations and profitability.
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- Which dimension of the business environment is highlighted in this case?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Correct Answer: Political environment
Solution : The correct answer is (D) Political environment
The dimension of the business environment highlighted in this case is the political environment. The case involves changes in government policies related to taxation, which fall under the political environment. This dimension includes government regulations, policies, and political factors that can significantly impact businesses.