Commerce Exam > Commerce Questions > This a MCQ (Multiple Choice Question) based p...
Start Learning for Free
This a MCQ (Multiple Choice Question) based practice test of Chapter 3 - Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinations
Q Celebration of Diwali is the example of:
- a)Technological Environment
- b)Social Environment
- c)Political Environment
- d)Legal Environment
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 3...
Explanation:
Social environment refers to the cultural and social factors that influence the business operations. Celebration of Diwali is an example of social environment because it is a cultural festival celebrated in India and influences the business operations in various ways.
Below are the detailed explanations of how Diwali celebration affects the business environment:
1. Increase in Consumer Spending: During Diwali, people tend to spend more on buying gifts, sweets, clothes, and other items. This leads to an increase in consumer spending and boosts the sales of businesses.
2. Increase in Demand: Due to the increase in consumer spending, there is a rise in demand for products and services during the Diwali season. Businesses need to prepare themselves to meet the high demand and ensure that there is no shortage of goods.
3. Festive Discounts: To attract more customers, businesses offer festive discounts and promotions during the Diwali season. This helps to increase sales and also promotes customer loyalty.
4. Impact on Production: Businesses need to prepare themselves in advance to meet the high demand during Diwali. This may require an increase in production, hiring of temporary staff, and managing the supply chain effectively.
5. Impact on Employees: Diwali is a major festival in India, and employees tend to take leave during this period to celebrate with their families. Businesses need to plan their operations accordingly and ensure that there is no disruption in the work.
In conclusion, celebration of Diwali is an example of social environment as it influences the business operations in various ways such as increase in demand, increase in consumer spending, festive discounts, impact on production, and impact on employees.
Social environment refers to the cultural and social factors that influence the business operations. Celebration of Diwali is an example of social environment because it is a cultural festival celebrated in India and influences the business operations in various ways.
Below are the detailed explanations of how Diwali celebration affects the business environment:
1. Increase in Consumer Spending: During Diwali, people tend to spend more on buying gifts, sweets, clothes, and other items. This leads to an increase in consumer spending and boosts the sales of businesses.
2. Increase in Demand: Due to the increase in consumer spending, there is a rise in demand for products and services during the Diwali season. Businesses need to prepare themselves to meet the high demand and ensure that there is no shortage of goods.
3. Festive Discounts: To attract more customers, businesses offer festive discounts and promotions during the Diwali season. This helps to increase sales and also promotes customer loyalty.
4. Impact on Production: Businesses need to prepare themselves in advance to meet the high demand during Diwali. This may require an increase in production, hiring of temporary staff, and managing the supply chain effectively.
5. Impact on Employees: Diwali is a major festival in India, and employees tend to take leave during this period to celebrate with their families. Businesses need to plan their operations accordingly and ensure that there is no disruption in the work.
In conclusion, celebration of Diwali is an example of social environment as it influences the business operations in various ways such as increase in demand, increase in consumer spending, festive discounts, impact on production, and impact on employees.
Free Test
FREE
| Start Free Test |
Community Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 3...
Because Diwali festival is related to social environment.....then its gets toh related with society
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer?
Question Description
This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer?.
This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer?.
Solutions for This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice This a MCQ (Multiple Choice Question) based practice test of Chapter 3- Business Environment of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ Celebration of Diwali is the example of:a)Technological Environmentb)Social Environmentc)Political Environmentd)Legal EnvironmentCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup