Business Studies: CUET Mock Test - 3 - CUET MCQ

Which of the following does not characterise the business environment?

Which of the following best indicates the importance of business environment?

“The increase in the demand for many Ayurvedic medicines, Health products and services in the past few months, is related to the need for building immunity and an increased awareness for healthcare due to the spread of Corona virus.” Identify the feature of business environment being described above.

_______ consists of various macro-level factors related to the means of production and distribution of wealth which have an impact on business and industry.

‘Threats to law and order’ is an example of _______ environment of business.

Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics.Related feature of business environment being described in the above lines is

With the introduction of mineral water bottle in India, Aqua was able to capture the big market share in India.Which importance of business environment is highlight in the above case.

‘Yo Tummy’ began its business by offering the classic combo of hamburgers and fries. But over time, their customers wanted healthier foods, so ‘Yo Tummy’ responded and began offering healthy alternatives such as salads, fruits, wraps and oat meal. If ‘Yo Tummy’ hadn’t responded, they may have lost customers that wanted to eat healthier foods. The above case highlights one of the points related to the importance of business environment and its understanding by managers. Identify it.

By developing new ways of doing things, the firm can cope up with changing technological environment.

Threats refer to the internal environment trends and changes that will hinder a firm’s performance.

Which of the following is not an element of social environment?

A firm can cope up with the changes by developing new ways of doing things.

Which of the following is a component of economic environment?

Black economy works as parallel economy to the main economy of a country.

The Rajasthan government has developed surveillance network using latest satellite technology. Under this system, the state’s mining department would be in a position to check illegal mining activities across the state. The state government is also considering the use of drones in its proposed campaign against illegal mining. Identify the related dimensions of business environment.

Which of the follow ing statem en ts is true with respect to political environment?

In accordance with the economic planning, the government of India gave a lead role to the public sectors for infrastructure industries whereas the private sectors was broadly given the responsibility of developing consumer goods industry. At the same time, the government imposed several restrictions, requisitions and controls on the working of private sector enterprises. Identify the dimension(s) of business environment highlighted above.

Directions: There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below

Assertion (A): Demand for sarees may be fairly high in India whereas it may be almost non-existent in France.
Reason (R): Business environment consists of numerous inter-related and dynamic conditions of forces which arise from different sources.

“Trends refer to changes and inclination towards new products and services”. This statement describes significant effect of which environment on business?

Directions: There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below

Assertion (A): Entry of new firms in the market may make an enterprise think afresh about how to deal with the situations.
Reason (R): Business environment assist in planning and policy formulation.

Directions: Read the follow in g text and answer questions on the basis of the same;

Mahinder Agro Ltd. started a new venture for distribution of harmful and chemical free fertilizers vegetables. They conducted a survey to find out customer preferences for such vegetables. They found that most of the customers were concerned about the harmful chemicals being used in growing the vegetables. They found out that 90% of the households were searching for alternatives. The company connected a group of agriculture experts to lay down the procedure for growing the vegetables by the farmers. They decided to train the farmers in new technology to grow chemical free vegetables according to new innovative methods. The experts also suggested soil management techniques through which farmers would be able to create an abundant and lasting harvest. Due to increased awareness for healthcare, demand for products of Maninder Agro Ltd. increased and thus the business flourished.

Q. “They found that most of the customers were concerned about the harmful chemicals being used in growing the vegetables. They found out that 90% of the households searching for alternatives.” Identify the dimension of business environment highlighted above.

Directions: Read the following text and answer questions on the basis of the same.
The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine Free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalised on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.    (CBSE QB 2021)

Q. Identify the feature of Business Environment which the Coca-Cola Company managed to get in their favour.

Directions: Read the following text and answer questions on the basis of the same.
Naman and Govind after finishing their graduation under vocational stream decided to start their own travel agency which will book Rail Tickets and Air Tickets on commission basis. They also thought of providing tickets within 10 minutes through the use of internet. They discussed the idea with their professor Mr. Mehta who liked the idea and suggested them to first analyse the business environment which consist of investors, competitors and other forces like social, political, etc., that may affect their business directly or indirectly. He further told them about the technological improvements and shifts in customer preferences that were taking place and hence, they should be aware of the environmental trends and changes which may hinder their business performance. He emphasised on making plants keeping in mind the threat posed by the competitors, so that they can deal with the situation effectively. This alignment of business operations with the business environment will result in better performance.

Q. Identify the component of business environment highlighted in the above paragraph.

‘Dreams can be turned into reality only when managers think in advance what to do and how to do it’. Identify the function of management indicated by the statement.

Which of the following statements is false with respect to planning?

Planning gives direction, reduces the impact of change, minimises waste and redundancy and

“All other managerial functions are performed within the framework of the plans drawn. Thus, it can be said that planning preceeds other functions.” This statement describes which function of planning?