BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economics Environment
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Social Environment
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Legal Environment
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Political Environment
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Detailed explanation-1: -The saree manufacturing companies make special plans of sale for these months. Which dimension of business environment comes into picture here? Answer: The dimension of business environment which is covered here is the “Social” dimension of business environment as marriages come under the social dimension.
Detailed explanation-2: -Uncertainty: Business environment is uncertain as it is difficult to predict the future environmental changes and their impact with full accuracy.
Detailed explanation-3: -Answer: The dimension of business environment being discussed above is Social. Social Environment includes the social forces like customs and traditions, values, social trends, society’s expectations from business, etc.
Detailed explanation-4: -Answer: Interrelatedness. 5. ‘Business environment is related to local conditions’.
Detailed explanation-5: -Which of the following is not a part of the business environment of business? Explanation: (d) All of the above elements are a part of business environment of an enterprise.