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Dimension of Business Environment Video Lecture | Business Studies (BST) Class 12 - Commerce
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53 videos|208 docs|49 tests
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FAQs on Dimension of Business Environment Video Lecture - Business Studies (BST) Class 12 - Commerce
| 1. What is the importance of understanding the dimensions of the business environment in commerce? |  |
Ans. Understanding the dimensions of the business environment in commerce is crucial as it helps businesses adapt to external factors, make informed decisions, identify opportunities, and mitigate risks effectively.
| 2. What are the different dimensions of the business environment in commerce? | |
Ans. The dimensions of the business environment in commerce include economic, social, technological, legal, political, and environmental factors that can impact the operations and performance of a business.
| 3. How does the economic dimension of the business environment affect commerce? | |
Ans. The economic dimension of the business environment influences commerce by affecting factors such as consumer purchasing power, inflation rates, interest rates, and overall economic growth, which can impact business profitability and sustainability.
| 4. How do technological advancements impact the business environment in commerce? | |
Ans. Technological advancements can significantly impact commerce by changing the way businesses operate, communicate, and reach customers. Embracing new technologies can provide businesses with a competitive advantage and improve efficiency.
| 5. Why is it important for businesses to stay informed about the legal and political dimensions of the business environment in commerce? | |
Ans. Understanding the legal and political dimensions of the business environment is crucial for businesses to ensure compliance with laws and regulations, navigate political uncertainties, and anticipate any changes that may affect their operations and strategies.
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Nov 21, 2024 Last updated |
Video Description: Dimension of Business Environment for Commerce 2024 is part of Business Studies (BST) Class 12 preparation.
The notes and questions for Dimension of Business Environment have been prepared according to the Commerce exam syllabus.
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