Business Environment Flashcards
Which of the following was not part of Liberlisation during 1991?
Licensing for imports and experts
(Abolishing licensing requirement in most of the industries except a short list)
Which of the following is not the macro level factor of economic environment in India related to the means of production and distribution of wealth?
The Indian economy was mainly agricultural and rural in character
Which of the following was not affected by demonetization in 2016?
A) Private wealth
B) Public sector wealth
C) Real estate
D) Tax collection
B) Public sector wealth
Which of the following was not the major element of the crisis situation which led the Government of India to announce economic reform?
Increase in foreign exchange reserves
Twinkle Stars’ is a well-known resort for organising parties, especially for children. However, in the past 6 months, its popularity has reduced considerably as a new resort with better ambience and facilities has opened within its vicinity. Name the related feature of the business environment which has influenced the business of ‘Twinkle Stars’ adversely.
Answer: (a) Dynamic nature
Explanation: The executives and management need to make changes in their goals, objectives, targets, and different business activities as indicated by changes occurring in the environment. The macro-environment, for example, social, legal, political, economic, and technological changes, has an incredible impact on management. Hence management must always be of a dynamic nature that changes according to changing circumstances.
The importance of business environment which helps us to know in advance the constraints and threats of business is
a) assisting in planning policy making
b) helpful in getting first mover advantage
c) early warning signals
d) all off the above
All of the above
The Government of India proposed to encourage tea transactions by encouraging the use of plastic money through debit credit and gift cards for net banking by allowing deductions in use it charges fees and Income tax exemptions which component of business environment does it represent
Economic environment
Which of these can we conditions for the success of privatisation
a) alternative institutional arrangements
b) barriers to entering the market
c) measurability of performance
d) all the options
Barriers to entering the market
The pre liberalization era of the Indian economy was under the grip of
Unfavourable and alarming balance of payment
The youth of India is moving towards online buying and packaged food because of
Social environment
Which environment describe the characteristics of the society in which organisation exists
Social environment
The growing awareness of healthcare has led to increase in the demand of healthcare products and services in the country identify the feature of business environment describe in the above case
Interrelatedness
Any kind of external devices like DVD cds and pen drive etc have become absolute Google with Google drive services Apple with its iCloud offering enable the user who store document photos music movies on web based service and if the feature of business environment being describes in the above lines
Uncertainty
To increase India’s exports of goods and services to over USD 100 billion by 2025 it is important to lower the effective corporate tax rate bring down the cost of capital and simplify the regulatory and tax framework and if I the dimension of business environment
Social dimension and legal dimension
