Which of the following does not explain the impact of government policy changes on business and industry?
(a) More demanding customers
(b) Increasing competition
(c) Change in agricultural prices
(d) Market orientation
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What are the essential features of
i. Liberalisation
ii. Privatisation
iii. Globalisation
Briefly discuss the impact of government policy changes on the business and industry.
What economic changes were initiated by the government under the Industrial Policy, 1991? What impact have these changes made on the business and industry?
Briefly explain the following:
(a) Liberalisation
(b) Privatisation
(c) Globalisation
Explain with examples, the various dimensions of business environment.
Mention the various dimensions of business environment.
Why it is important for business enterprises to understand their environment? Explain briefly.
How would you characterise business environment? Explain, with examples, the difference between general and specific environment.
What do you understand by business environment?
Liberalisation means
(a) Integration among the economies
(b) Reduced government controls and restrictions
(c) Policy of planned disinvestment
(d) None of them
Which of the following is an example of social environment?
(a) Money supply in the economy
(b) Consumer Protection Act
(c) The constitution of the country
(d) Composition of family
Which of the following best indicates the importance of the business environment?
(a) Identification
(b) Improvement in performance
(c) Coping with rapid changes
(d) All of them
Which of the following does not characterise the business environment?
(a) Uncertainty
(b) Employees
(c) Relativity
(d) Complexity
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