Business Studies

Business Environment

Question:

What has been the impact of these changes with regard to globalisation and privatisation?

Answer:

Due to globalisation and privatisation, more retailers from India and abroad are encouraged to make investments in organised retailing. The competition has increased, the consumers are more demanding and expert working force is required in order to cope up with the changes, which have taken place and are further changing.

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Business Environment

Q 1.

What are the essential features of
(a) Liberalisation
(b) Privatisation
(c) Globalisation

Q 2.

Identify changes in business environment under different heads – economic, social, technological, political and legal that have facilitated the companies decisions to plan significant invstments in organised retailing.

 

Q 3.

What has been the impact of these changes with regard to globalisation and privatisation?

Q 4.

Mention the various dimensions of business environment.

Q 5.

What do you understand by business environment?

Q 6.

How would you argue that the success of a business enterprise is significantly influenced by its environment?

Q 7.

Explain with examples, the various dimensions of business environment.

Q 8.

Briefly discuss the impact of Government policy changes on business and industry.

Q 9.

How would you characterise business environment? Explain with examples, the difference between general and specific environment.

Q 10.

Why it is important for business enterprises to understand their environment? Explain briefly.

Q 11.

Why it is important for business enterprises to understand their environment? Explain briefly.

Q 12.

What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?

Q 13.

Briefly explain the following
(a) Liberalisation
(b) Privatisation
(c) Globalisation