Question

TEST YOURSELF-3
swing statement
Aation rate, mone
1. Identify the dimension of business environment highlighted in the followings
(1) Equal pay to male and female workers for equal work.
(ii) It includes factors like interest rates, tax rates, saving rate, inflation
policy. GDP. etc.
(iii) Nature of relationship of a country with foreign countries influences then
(iv) Multi-national corporations getting permission to enter into Indian market
(v) Robots are being used in many companies.
(vi) Laws have been enacted to keep a check on advertisements.
(vii) Compulsory to give statutory warning on the packets of tobacco and Cigarette
(viii) Demand for reservation in jobs for minority and women.
(ix) Rates of savings and investments influence the demand for the product.
(x) Alcohol beverages are prohibited to be advertised on "Door Darshan".
With change in the consumption habits of people, Neelesh, who was running a swe
a sweet
shifted to chocolate business. On the eve of Diwali he offered chocolates in attractive
at reasonable prices. He anticipated huge demand and created a website chocolove.com
taking orders online. He got lot of orders online and earned huge profit by selling choch
Identify and explain the dimensions of business environment discussed in the
case
(CBSE 2016
In
Answer kya h​

Answer 1

1. Identify the dimension of business environment highlighted in the followings

(1) Equal pay to male and female workers for equal work.

⇒ Social environment.

(ii) It includes factors like interest rates, tax rates, saving rate, inflation  

policy. GDP. etc.

⇒ Economic environment.

(iii) Nature of relationship of a country with foreign countries influences then

⇒ Economic environment.

(iv) Multi-national corporations getting permission to enter into Indian market

⇒ Political environment.

(v) Robots are being used in many companies.

⇒ Technological environment.

(vi) Laws have been enacted to keep a check on advertisements.

⇒ Legal environment.

(vii) Compulsory to give statutory warning on the packets of tobacco and Cigarette

⇒ Legal environment.

(viii) Demand for reservation in jobs for minority and women.

⇒ Social environment.

(ix) Rates of savings and investments influence the demand for the product.

⇒ Economic environment.

(x) Alcohol beverages are prohibited to be advertised on "Door Darshan".

⇒ Legal environment.

With change in the consumption habits of people, Neelesh, who was running a sweet  shifted to chocolate business. On the eve of Diwali he offered chocolates in attractive  at reasonable prices. He anticipated huge demand and created a website chocolove.com  taking orders online. He got lot of orders online and earned huge profit by selling chocolates.

Identify and explain the dimensions of business environment discussed in this case.

1. Social environment : It includes various social forces such as customs, beliefs, literacy  rate, educational levels, lifestyle, values etc. Changes in social environment affect an organization in the long run. Neelesh too has done the same that is he shifted his business to chocolate supply on Diwali to increase his profits.
2. Technological Environment: It provides new and advance ways/techniques of  production. A businessman must closely monitor the technological changes taking place  in the industry as it helps in facing competition and improving quality of the product. To increase the sales, he went online and used to technology to get the orders.

HOPE IT HELPS...