Business Studie...

Which of the following does not characterise the business environment?

‘Yo Tummy’ began its business by offering the classic combo of hamburgers and fries. But over time, their customers wanted healthier foods, so ‘Yo Tummy’ responded and began offering healthy alternatives such as salads, fruits, wraps and oat meal. If ‘Yo Tummy’ hadn’t responded, they may have lost customers that wanted to eat healthier foods. The above case highlights one of the points related to the importance of business environment and its understanding by managers. Identify it.

Threats refer to the internal environment trends and changes that will hinder a firm’s performance.

The Rajasthan government has developed surveillance network using latest satellite technology. Under this system, the state’s mining department would be in a position to check illegal mining activities across the state. The state government is also considering the use of drones in its proposed campaign against illegal mining. Identify the related dimensions of business environment.

There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below.

Assertion (A): Demand for sarees may be fairly high in India whereas it may be almost non-existent in France.

Reason (R): Business environment consists of numerous inter-related and dynamic conditions of forces which arise from different sources.

“Trends refer to changes and inclination towards new products and services”. This statement describes significant effect of which environment on business?

Planning gives direction, reduces the impact of change, minimises waste and redundancy and

“All other managerial functions are performed within the framework of the plans drawn. Thus, it can be said that planning preceeds other functions.” This statement describes which function of planning?

The last step in the process of planning is “Plan Implementation.”

To meet the objectives of the firm, the management of Bhavya Ltd. offers employment to physically challenged persons. Identify the organisational objective it is trying to achieve.