Assignment Business Environment

V 7 Class XII

1.
2.
To which environment disinvestment belongs?
How can political stability be beneficial to the economy?
D A 1
1
3.
4.
K B
Video cassettes are replaced by CDs. Identify the environment.

7
1
The RBI increased the Cash Reserve Ratio by 0.25 basis points to overcome the inflationary trends in the economy. Identify

5.

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the dimension of business environment in the statement.

V
1
‘ Change in technology or consumer’s taste changes the external forces’. Identify the feature of business environment in the

A
6.
A
given statement.

D
1
The government restricted the issue of LPG cylinders at subsidised rates to none per family per year. Identify the dimension

D B
of business environment highlighted in the given statement. 1

K B
7.
after sometime”. Identify the feature.

7 K
“One of the feature of business environment states that something which is new today, may become outdated or obsolete

7
8.

V A
be harmful to the diabetics. Which dimension of business environment is highlighted here?
V
Advertisement of a protein supplement must inform the potential buyer that the product if taken beyond a given dose can

9.

A D
Google a search engine is continuously improved by its management by adding some innovative features to remain ahead

D
of changes made by other competing search engines.” Which importance of business environment is shown by this

B
B
10.

K
statement?

K 7
The directors of leading book publishing company, identifying the importance of ‘Value based question’ in CBSE curriculum

7
as an early opportunity published a book on these type of questions. The book became very popular as no other book had

A V
employees to ensure at least a reasonable standard of living.
A V
these types of questions. The turnover of the company increased considerably and it decided to provide fair wages to

b) Identify the principle of management being referred here.

B B D
a) Identify and explain the importance of understanding business environment highlighted above.

D 3
11.

K
a) Which feature of management is highlighted in the given statement?

7 K
Indians mostly being vegetarian as per studies of KFC so it has planned to introduce veg rice meals in its menu.

b) Name and explain the dimension of business environment which is responsible for this step of KFC.
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12.
13.

A V D A
“Companies that fail to adapt to their environment are unlikely to survive in the long run”. Discuss by giving any four points.
Global solutions are a well-known software company. It has many branches throughout the world. The company knows that

B D B
it has great opportunities in its path. When it started it was limited only to its native country. With the passage of time,
within 15 years the economies of various countries have integrated. This has come as a great advantage to this company

K
which has expanded. In many of the countries where it has its branches the control of government in the public sector

K 7
enterprises has diluted leading to more control in the hands of private sector. One of the major reasons for the success of

V
the company has been the role of the initiator the company has played as it was the first company of its kind to enter the

A V
14.

D A
market. Identify and state the two important concepts highlighted above by quoting the lines.

D
“It may be difficult to know the extent of the relative impact of the social, economic, political, technological or legal factors

B
on change in demand of a product in the market.” Which feature of business environment is highlighted by this point. Give

15.
an example for the same.

K B 7 K 3
”From the early days of the business of Facebook, the single most important driving force has been to find technological

V
solutions to cope with the crazy growth rate. However, in addition to coping brilliantly with the pressures of growth,
Facebook has also tried to keep moving ahead. Facebook is unusual in providing its computer programming information

A
freely to anyone who wants to use it to develop a anew service.” Identify the element of business environment mentioned
D A
16.
above.

B D K B
‘In the present day market, the retailers have direct link with the suppliers who replenish their stocks as and when needed

17. K 7
and at the same time the manufacturers follow flexible manufacturing system.’ This has been possible due to the changes
in one of the dimensions of business environment. Identify the dimension and also discuss it.

V
Wipro, under the Stanford University educated Chairman, Azim H. Premji, took advantage of liberalization and globalization

D A
policies to promote the outsourcing trend in India. India had w well-educated, English speaking workforce which allowed
Wipro and other companies to start providing services such as call centers, payroll software for foreign companies.

B
Wipro started hiring students from highly reputed IITs, IIMs and other high educational institutions. The training activities

K
have helped in improving the efficiency and performance of the employees to a great extent. Wipro, which had begun as a
peanut oil producing company, is now in growing innovation business with sophisticated R&D capabilities in order to adapt
the rapidly changing technology. on the basis of above information state various points of Importance of Business
Environment highlighted above.
 V 7
18. Nakul, a manager of Zyco Ltd. Always takes into account the changes taking place in business environment while

D A
determining plans. He accepts changes readily and gives useful suggestions to his superior, which results in reduction of
costs. As a result, company’s profits increase. Nakul enjoys cordial relations with his co-workers and makes plans in

K B
consultation with his team to achieve organizational goals.
a) Give any two benefits which Zyco Ltd. Get by taking into account the changes taking place in business
environment, quoting the lines from the above para.

7
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b) State any two values which Nakul wants to communicate to the society.

V
19. Nandrachal networks and Technologies Ltd. is a leader in technology innovation in U.S.A. creating products and solutions

A
A
for a connected world. It has a large Research and Development team which invented the first smart watch W-I, which

D
besides showing the time would also monitor few health parameters like heart beat, blood pressure, etc. while in search of

D B
markets abroad, the company found that in India, the reform process was underway with the aim of accelerating the pace

K B K
of economic growth. the company decided to take advantage of the fact that licensing requirements had been abolished.

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The company was also aware that there had been increased level of interaction and interdependence among the various

7
V A V
nations of the world and India could be made a base for its international trade. It set up its office in Gujrat with a view to
capture the Indian Market. In short span of time, the company emerged as a market leader. Success of the company

customers.

D A B D
attracted many other players to enter the market. Competition resulted in reduction in prices, thereby benefiting the

K B a) In the above paragraph, two major concepts related to government policy have been discussed.
Identify and explain those concepts.

7 K
b)Also, explain briefly any two impacts of those concepts on Indian business and Industry.
7 3

A V A V
20. Naman and Govind after finishing their graduation under vocational stream decided own travel agency which will book Rail
Tickets and Air Ticket on commission basis. They also thought of providing tickets within ten minutes through the use of

B D
internet. They discussed the idea with their Professor Mr. Mehta who liked the idea and suggested them to first analyse the

D
business environment which consists of investors, competitors and other forces like social, political etc. that may affect

B
K K
their business directly or indirectly. He further told them about the technological improvements and shifts in consumer
preferences that were taking place and hence they should be aware of the environment trends and changes which may

7
hinder their business performance. He emphasised on making plans keeping in mind the threat posed by the competitors,
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will result in better performance.

A V D A
so that they can deal with the situation effectively. This alignment of business operations with the business environment

D
a) Identify the component of business environment highlighted in the above para.

B B
b) State any two features of business environment as discussed by Professor Mehta with Naman and Govind.
c)
K
Also state two points of importance of business environment as stated by professor Mehta in above situation

K
21. Identify different dimensions in the following statements:

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a) It is not advisable to open a luxury car showroom in the middle of an economy where per capita income is very low.

A V
integrated unit.

D A
b) Software is in high demand among the industrial buyers as it can connect all the branches of a company as a single

B D
B
c) At the time of HOLI a large number of manufacturing companies get involved in making colors which are used in the
celebration of this colorful festival.

K
d) With the election of a new government the sensex drops by 550 pints.

7 K
government.

A V
e) A particular news channel refrains from showing the advertisement as particular product as it is banned by the

22. Dashing Ltd. manufactures fashionable and designer clothes. Recently it finds that the demand for its products has been
D A
B D K B
declining. After market research it was discovered that fashion and tastes of the consumers is changing rapidly. Customer’s
demand is increasing. New competitors have entered the market with new designs; it is very difficult for the company to

K
technological or legal factors on decrease in demand of its products in the market.

V 7
predict future happenings. Also, it is difficult to know the extent of the relative impact of the social;, economic , political ,

A meeting was held in which managers from different functional levels heading Production, Marketing, Finance,

D A
etc. were present to discuss how to deal with the situation. After a long discussion it was decided that they would study and
analyses the market first to identify customers tastes and fashion and then produce garments accordingly. It was also

B
decided to increase expenditure on advertising, after sales services, etc.

K
a) Identify any two features of business environment by quoting the lines from the above case.
b) Identify any two impacts of government policy changes on business, quoting the lines.
c) State the importance of understanding of environment by business managers in the light of the above para.