Question

Sudden announcement of demonetisation by our Prime Minister" is an example of
this feature of business environment

(a) Relativity
(b) Specific and general forces
(c) Inter-relatedness
(d) Uncertainty

Select the option ​

Answer 1

Answer:

Demonetization and GST are examples of changes in political environment. Demonetization and GST are classified under political environment since these reforms are taken by the government of India.

Explanation:

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Answer 2

Answer:

Political Environment

Relativity

Specific and general forces

Inter-relatedness

Uncertainty

Explanation:

“Sudden announcement of demonetization by our Prime Minister" is an example of Political Environment.

• Political Environment constitutes of all the factors related to government affairs such as type of government in power.
• It has immediate and great impact on the business transaction.

Business Environment refers to all forces, factors with which the businessman has to deal to achieve its objectives.

features of Business environment are

1. Relativity- The impact of business environment may differ from business to business, company to company , country to country
2. Specific and general forces- It includes all forces such as investors, customers. legal , technological factors etc.
3. Uncertainty- It is very difficult to predict the changes are yet to come in the environment
4. Inter relation - all the factors and forces are inter connected to each other

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