12th Class Business Studies Business Environment Question Bank

done Business Environment (Long) Total Questions - 5

• question_answer1)

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

  Or

  Explain three features/characteristics of business environment.

  [Delhi 2012; Foreign 2012; CBSE Sample paper 2011]

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• question_answer2)

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

  Or

  ‘Understanding of business environment gets a first mover advantage, acts as a warning signal for adverse conditions and sensitise the management.’ Discuss.

  Or

  Explain five importance/benefits of understanding business environment.                                        [Delhi 2006C]

  Or

  Explain by giving any five reasons why understanding of Business Environment is important for managers.

  [Delhi, AI, Foreign 2010]

  Or

  Why is understanding of 'Business Environment' important for managers? State any five points.           [Delhi 2012]

  Or

  State any five points which clarify how understanding of Business Environment helps the managers.        [AI 2012]

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• question_answer3)

  Explain, with examples, the various dimensions of business environment.

  Or

  What role does general external environment play in the business?                                                [Foreign 2007]

  Or

  What role does economic environment play in the business?                                                            [Delhi 2007]

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  What is meant by 'social environment' of business?                                                 [Foreign 2005; Delhi 2007]

  Or

  'Demand for reservation in jobs for minorities' refers to an example of key component of general environment of business. Name and explain the component.                                                                      [Delhi 2006; HOTS]

  Or

  'Equal pay for equal work for male and female workers' refers to an example of a key component of general environment of business. Name and explain the component.                                          [Foreign 2006; HOTS]

  Or

  Explain in brief what is included in the Technological Environment' of Business.                    [AI 2005C; AI 2007]

  Or

  What is meant by 'political environment' of business?                                                       [AI 2005; Delhi 2007]

  Or

  Explain in brief what is included in the 'Legal Environment' of Business.                          [Delhi 2005C; AI 2007]

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• question_answer4)
  What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
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• question_answer5)
  What are the essential features of (i) Liberalisation, (ii) Privatisation and (iii) Globalisation?
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