BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

‘Demand for Bhujia is high in India, whereas it is almost nil in Greenland.’ Which feature of business environment is stated here?

A	Dynamic
B	Complexity
C	Specific and general forces
D	Relativity

Explanation:

Detailed explanation-1: -Relativity: Business environment is a relative concept whose impact differs from country to country, region to region and firm to firm. For example, a shift of preference from soft drinks to juices will be welcomed as an opportunity by juice making companies while a threat to soft drink manufacturers.

Detailed explanation-2: -Answer: (a) Economic environment is the dimension of business environment of India being referred here. (b) The three factors which broadly affect the economic environment of India are stated below: I. Stage of economic development of the country. II.

Detailed explanation-3: -(vii) Relativity: Business environment is a relative concept since it differs from country to country and even region to region.

Detailed explanation-4: -Answer: Interrelatedness. 5. ‘Business environment is related to local conditions’.

There is 1 question to complete.