NCERT Solutions for Class 12 Business Studies Principles and Functions of Management Chapter 3

Business Environment Class 12

Chapter 3 Business Environment Exercise Solutions

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Multiple choice questions : Solutions of Questions on Page Number : 92

Q1 :  

Which of the following does not characterise the business environment?

(a) Uncertainty

(b) Employees

(c) Relativity

(d) Complexity


Answer :

Among the options given above, employees does not characterise business environment. Business environment refers to the external forces such as individuals, enterprises, situations, and other such forces that affect the performance of the organisation. Employees are integral to an organisation and does not characterise its environment. 

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Q2 :  

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


Answer :

All the options given above indicate the importance of business environment. Study of business environment helps in identifying the positive changes as well as threats or hindrances that affects the performance of an organisation. Thereby, it helps them in taking appropriate measures for improving the performance. In addition, a careful study of the continuously changing environment helps the organisation in coping with it in a better manner. 

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Q3 :  

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


Answer :

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Q4 :  

Liberalisation means

(a) Integration among the economies

(b) Reduced government controls and restrictions

(c) Policy of planned disinvestment

(d) None of them


Answer :

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Short answerslong answersmultiple choice questions : Solutions of Questions on Page Number : 93

Q1 :  

What do you understand by business environment?


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Q2 :  

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


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Q3 :  

Why it is important for business enterprises to understand their environment? Explain briefly.


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Q4 :  

Mention the various dimensions of business environment.


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Q5 :  

Explain with examples, the various dimensions of business environment.


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Q6 :  

Briefly explain the following:

(a) Liberalisation

(b) Privatisation

(c) Globalisation


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Q7 :  

What economic changes were initiated by the government under the Industrial Policy, 1991? What impact have these changes made on the business and industry?
 


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Q8 :  

Briefly discuss the impact of government policy changes on the business and industry.


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Q9 :  

What are the essential features of 

i. Liberalisation

ii. Privatisation

iii. Globalisation


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Q10 :  

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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Principles and Functions of Management - Business Studies : CBSE NCERT Exercise Solutions for Class 12th for Business Environment will be available online in PDF book form soon. The solutions are absolutely Free. Soon you will be able to download the solutions.

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