Worksheet: Business Environment | Business Studies (BST) Class 12 - Commerce PDF Download

Multiple Choice Questions

Q2: What does SWOT analysis stand for in the context of business environment?
(a) Strengths, Weaknesses, Opportunities, Threats
(b) Sales, Workforce, Operations, Technology
(c) Strategy, Wealth, Organization, Training
(d) Sustainability, Work-life balance, Objectives, Trends

Q3: Which of the following is a feature of economic environment?
(a) Technological Advancements
(b) Consumer Preferences
(c) Corporate Social Responsibility
(d) Political Stability

Q4: Which government body regulates foreign trade in India?
(a) RBI (Reserve Bank of India)
(b) SEBI (Securities and Exchange Board of India)
(c) FICCI (Federation of Indian Chambers of Commerce and Industry)
(d) DGFT (Directorate General of Foreign Trade)

Q5: What is the main objective of environmental scanning in business?
(a) To predict future environmental changes
(b) To control environmental factors
(c) To analyze past environmental data
(d) To compare with competitors

Very Short Answers

Q2: Mention any two components of the legal environment.

Q3: What is meant by Technological Environment?

Q4: Name any two macroeconomic factors affecting business.

Q5: Explain the importance of Social Environment in business.

Short Answers

Q2: Discuss any two features of Economic Environment.

Q3: Describe the concept of Competitive Environment.

Q4: Explain the significance of Technological Environment in business.

Q5: Discuss the role of Cultural Environment in shaping consumer behavior.

Long Answers 

Q2: Discuss the impact of Social and Cultural Factors on Business Decision Making.

Q3: Analyze the importance of Government Policies in shaping the Business Environment.

Case-Based Questions 

Q2: Suggest strategies for the company to mitigate the risks associated with political instability.

Q3: Evaluate the long-term impact of political instability on the company's reputation and market position.

Case 2: Technological Advancements in E-Commerce Industry
Case Background: The e-commerce industry is witnessing rapid technological advancements, including artificial intelligence, machine learning, and augmented reality, transforming the way businesses operate and interact with customers.
Q4: Explain the impact of technological advancements on customer experience in the e-commerce industry.

Q5: Discuss the challenges faced by e-commerce businesses in adopting new technologies.

Q6: Explore the future trends in technology that can further revolutionize the e-commerce industry.

Case 3: Cultural Differences in International Business
Case Background: A global fashion retailer is expanding its business in different countries with diverse cultures, traditions, and consumer behaviors.
Q7: Explain how cultural differences can impact consumer preferences and buying behavior in international markets.

Q8: Discuss the importance of cultural sensitivity in marketing strategies for international businesses.

Q9: Propose strategies for the fashion retailer to successfully navigate cultural differences and establish a strong market presence in diverse countries.