Assignment : Business Environment (Class XII Business studies)

VERY SHORT ANSWER TYPE QUESTIONS (1 MARK)

1. What is Business Environment?

2. How have customers benefited by increased competition after

liberalisation and globalisation?

3. How can the firms cope up with changing technological environment?

4. What do you mean by Globalisation?

5. Which policy of Indian Government has moved India towards

globalisation?

6. What do you mean by disinvestment?

7. Give one measure taken by Indian Government to introduce liberalisation.

8. What do you mean by first mover advantage?

9. Which of the sector was given importance after independence?

10. What do you mean by Liberalisation?

11. Which two factors are included in Technological Environment?

12. What is meant by opportunities?

13. What do you mean by Innovation?

SHORT ANSWER TYPE QUESTIONS (3 OR 4 MARKS)

1. Define Business Environment.

2. Explain the specific and general forces of business environment ?

3. Enumerate the benefits of understanding business environment.

4. What are the main dimensions of business environment ? What does

environment consist of?

5. Explain the role of political environment in shaping the business.?

6. Explain the concept of technological environment.

7. What do you understand by legal environment? Give two examples which

protect consumers' interests.

8. List the various changes initiated by the Government of India since 1991.

9. List some important factors that influence the working of a business

enterprises?

LONG ANSWER TYPE QUESTIONS ( 5 OR 6 MARKS)

1. What do you mean by business environment? Explain the key

components of business environment.

2. What do you understand by economic environment? List the main

aspects of economic environment.

3. Social environment of business is important for a business enterprise".

Explain ?

4. Enumerate negative impacts of liberalization and globalisation.

5. Enumerate  positive impacts of liberalization and globalization.

QUESTIONS WITH DIFFERENT DIFFICULTY LEVELS

1. Why is business environment uncertain? - 1 Mark

2. How can environment awareness help managers? - 1 Mark

3. How can political stability be beneficial to the economy? - 1 Mark

4. What is meant by threats?- 1 Mark

5. 'Environment provides both constraints and opportunities." Comment.

. 3 or 4 Marks

6. Business environment or Environmental Scanning helps in the

identification of threats and early warning signals." Explain?-3or4 Marks

7. Explain the changes initiated by the Government of India since 1991.

- 5 or 6 Marks