Commerce Exam > Commerce Notes > Business Studies (BST) Class 12 > Direct Questions - Business Environment
Direct Questions - Business Environment | Business Studies (BST) Class 12 - Commerce PDF Download
Direct questions
- What is business environment?
- Differentiate between general and specific environment.
- What are the features or nature of business environment?
- Discuss the importance of business environment.
- What do you understand by the term ‘environment scanning’?
- What do you mean by threats and opportunities, give example also?
- Discuss dimensions of Business Environment with 2 examples each.
- What changes were made in the industrial policy in the recent past?
- What do you mean by disinvestment?
- Explain the terms liberalization, globalization and privatization.
- Discuss the impact of change in government policy on business and industry
- What is managerial responses to changes in Business Environment ?( For answer Click here )
The document Direct Questions - Business Environment | Business Studies (BST) Class 12 - Commerce is a part of the Commerce Course Business Studies (BST) Class 12.
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FAQs on Direct Questions - Business Environment - Business Studies (BST) Class 12 - Commerce
| 1. What is the business environment in commerce? |  |
Ans. The business environment in commerce refers to the external factors that affect the operation and success of a business. It includes factors such as economic conditions, market competition, technological advancements, legal and regulatory frameworks, and social and cultural influences.
| 2. How does the business environment impact commerce? | |
Ans. The business environment has a significant impact on commerce as it shapes the opportunities and challenges that businesses face. For example, economic conditions can affect consumer purchasing power and demand for goods and services, while market competition can influence pricing strategies and market share. Technological advancements can also create new business opportunities and disrupt existing industries.
| 3. What are the different components of the business environment in commerce? | |
Ans. The business environment in commerce can be categorized into various components, including the economic environment, political and legal environment, socio-cultural environment, technological environment, and competitive environment. Each of these components influences business operations and decision-making in different ways.
| 4. How does the economic environment impact commerce? | |
Ans. The economic environment plays a crucial role in commerce as it affects factors such as consumer spending, inflation rates, interest rates, and exchange rates. These factors can impact business profitability, pricing strategies, investment decisions, and overall market conditions. For example, during a recession, businesses may experience reduced consumer spending and increased competition.
| 5. What are the challenges businesses face in the current business environment? | |
Ans. Businesses face various challenges in the current business environment, including rapid technological advancements, changing consumer preferences, global competition, regulatory compliance, and sustainability concerns. These challenges require businesses to be adaptable, innovative, and responsive to changes in the business environment in order to remain competitive and thrive.
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