Class 12 Business Studies Chapter 3 Worksheet (Business Environment)
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Before you proceed further, below are the quick details:
- Class: 12
- Subject: Business Studies
- Chapter Number: 3
- Chapter Name: Business Environment
- Worksheet Number: 1
- Worksheet Type: MCQs and Case-based Questions
The worksheet begins from here.
Class 12 BST Questions
Q1. The Go-Vegan Movement has been an integral part of western nations owing to its numerous health and environmental benefits. India too has witnessed a propelling vegan food market. Concerned with the quality of life, people have shifted to a variety of plant-based food alternatives that offer great taste and health benefits and strengthen the immune system. The dimension of business environment discussed above is:
- Economic environment
- Social environment
- Technological environment
- Political environment
Q2. Seeing the increasing demand for automobiles in Buleti, 'Veso Cars', a global car manufacturing company planned to expand its operations and sell its cars there. However, the government of Buleti imposed high import duties on foreign-made cars to protect local manufacturers from foreign competition. This attitude of the Buleti government towards foreign car manufacturers increased the cost of importing cars, making it less affordable for Veso Cars to sell its cars at competitive prices in Buleti. The component of business environment highlighted above is:
- Political environment
- Social environment
- Legal environment
- Economic environment
Q3. 'Business Environment includes both specific and general forces.' Which of the following forces is not included in specific forces?
- Legal conditions
- Investors
- Competitors
- Suppliers
Q4. Shifts in demand from steam locomotives to electric engines, from fountain pens to ball-point pens, and from typewriters to computer-based word processors highlights which of the following dimensions of business environment?
- Economic
- Technological
- Political
- Social
Q5. 'High inflation rates generally result in constraints on business enterprises as they increase the various costs of business such as the purchase of raw materials and payment of wages and salaries to employees, etc.' The dimension of business environment referred to above is:
- Political Environment
- Technological Environment
- Social Environment
- Economic Environment
Q6. Alfa Graphics Ltd. was a reputed Indian company which had been in business for many years. The Chief Executive Officer of the company, Rohit Gupta, always believed in understanding the business environment as well as responding and adapting to it. When he found that a foreign multinational company, Leno Graphics, is entering the Indian market with new substitutes, he prepared to meet this threat by reducing cost and creating good quality and aesthetically appealing layouts, advertisements, logos, etc. As a result, Alfa Graphics Ltd. was not only able to retain its own customers, but also started getting new projects. The point of importance of Business Environment discussed above is:
- Tapping useful resources.
- Identifying threats and early warning signals.
- Improving performance.
- Identifying opportunities and getting first mover advantage.
Q7. Salim and Karim are good friends. They started a business of selling high-quality seeds for growing organic vegetables. They are offering 200 varieties of vegetable seeds suitable for terrace gardens, balconies, and backyards. Due to the growing trend towards healthy consumption habits, there is a huge demand for their seeds. The dimension of business environment being discussed above is:
- Economic Environment
- Political Environment
- Social Environment
- Legal Environment
Q8. Sweets has been the mainstay for several large homegrown restaurant brands. Increased life expectancy of people and increased awareness for health care amongst consumers has increased the demand for healthy food options. Young consumers are moving away from consuming traditional sweets to buying more western-style premium products which are baked or steamed. With this shift in consumer preferences, 'Shree Restaurants', a well-known restaurant brand, is gearing itself up for playing a greater role in the healthy packaged foods market. In addition to traditional sweets, the company is also planning to expand to healthy savoury and sweet items and some ready-to-eat items. These new healthy products are expected to change people's lifestyles.
Identify and explain the two features of Business Environment highlighted in the above case.
Q9. Mr. Ajay after completing his MBA from the USA comes to India to start a new business under the banner Ecom Creations Ltd. He launches a new product in e-learning for senior secondary school students in the Commerce stream, which already has an established market in the UK and USA but not in India. His business starts flourishing in India. Now more Indian companies entered into the market with other subjects also.
Identify and quote the lines from the above paragraph which highlight the significance of understanding business environment.
Q10. Just after the declaration of the Lok Sabha Elections 2014 results, the Bombay stock exchange’s price index rose by 1000 points in a day. Identify the environmental factor which led to this rise giving a reason. Also, explain any two other dimensions of business environment.
Answers (Coming Soon)
The End
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