CBSE Class 12th Business Studies Revision Notes - N3

Free Business Studies - Class 12th (CBSE) - Revision Notes - N3 - Business Environment

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• Boosts recall of key terms and definitions during the exam.

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Class 12th (CBSE) - Business Studies - Revision Notes

Characteristics/Features:

• Totality of external forces
• Specific and general forces
• Inter-relatedness
• Dynamic nature
• Uncertain
• Complexity
• Relativity

Dimensions (PESTL):

• Political Environment

• Economic Environment

• Social Environment

• Technological Environment

• Legal Environment

Importance:

• Identify opportunities and give first mover advantage

• Identify threats and give early warning signals

• Taps useful resources

• Copes up with rapid changes

• Assists in planning and policy formulation

• Improves performance

• Demonetisation

Features:

• Tax administration measure

• Non-acceptance of tax evasion

• Channelisation of savings into formal financial system

• Create a cash-lite economy

Impact of Demonetisation

1. Money/Interest rates:
• Decline in cash transactions
• Bank deposits increased
• Increase in financial savings
2. Private wealth: 
• Declined since some high demonetised notes were not returned and real estate prices fell
3. Public sector wealth:
• No effect
4. Digitisation:
• Digital transactions amongst new users (RuPay/AEPS) increased
5. Real estate:
• Prices declined
6. Tax collection:
• Rise in income tax collection because of increased disclosure

The End

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