Question : Identify the feature of business environment highlighted here. A shift of preference from cold drinks to organic juice will come as an opportunity by the organic juice company and for the cold drink company it would be a threat
Option 1: Totality of external forces
Option 2: Inter-relatedness
Option 3: Complexity
Option 4: Relatively
Correct Answer: Relatively
Solution : Business environment is a relative concept since it differs from country to country and even region to region. Business environment is different for different business form for some it is an opportunity and for the other it is a threat. Hence Option D is correct.
Question : Identify the feature of business environment highlighted here. It is difficult to deal with what exactly constitutes a given environment.
Option 3: Dynamic nature
Option 4: Uncertainty
Question : Identify the feature of business environment highlighted here. Invention of new method of production has reduced the cost of production and has also changed the total outlook of the organisation.
Question : Identify the feature of business environment highlighted here. Government has imposed 10% extra tax on the luxury commodities as a result a change in the production of organisation is experienced.
Question : Identify the characteristics of business environment in the below statement. Increased awareness for health care has raised the demand for organic food and green vegetables.
Question : Identify the aspect of social environment highlighted here. A recent study has suggested that higher alcohol intakes decrease life expectancy. This is an opportunity for organic food and threat for alcohal suppliers.
Option 1: Values
Option 2: Tradition
Option 3: Trend
Option 4: All of the above.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile