Class 12 Business Studies - Chapter Business Environment NCERT Solutions | What is the meaning of 'Business Env

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

The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.

This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.

a. Enumerate the dimensions of the business environment highlighted above.
b. State the features of Demonetization.

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

National Digital Library of India (NDL India) is a pilot project initiated by the HRD ministry. It works towards developing a framework of virtual repository of learning resources with a single-window search facility. It provides support to all academic levels including researchers, life-long learners and differently-abled learners free of cost. State the dimensions of business environment highlighted above.

How would you argue that the success of a business enterprise is significantly influenced by its environment?

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

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

What are the essential features of:
a. Liberalisation,
b. Privatization and
c. Globalisation?

How does understanding of business environment help in improving performance of a business?

Give an example to show that a business firm operates within numerous inter related factors constituting the business environment.(Hint: example highlighting the inter relatedness of dimensions of business environment).

How does planning provide direction?

What is meant by staffing?

Identify the network of social relationships which arises spontaneously due to interaction at work.

What is informal communication?

State the meaning of controlling.

What is meant by capital structure?v

What is meant by management?

What is a Treasury Bill?

State any two advantages of branding to marketers of goods and services?

What makes principles of management flexible?

What is marketing? What functions does it perform in the process of exchange of goods and services? Explain.

‘S’ Limited is manufacturing steel at its plant in India. It is enjoying a buoyant demand for its products as economic growth is about 7–8 per cent and the demand for steel is growing. It is planning to set up a new steel plant to cash on the increased demand. It is estimated that it will require about `5000 crores to set up and about `500 crores of working capital to start the new plant.

a. Describe the role and objectives of financial management for this company.
b. Explain the importance of having a financial plan for this company. Give an imaginary plan to support your answer.
c. What are the factors which will affect the capital structure of this company?
d. Keeping in mind that it is a highly capital-intensive sector, what factors will affect the fixed and working capital. Give reasons in support of your answer.

Name the component of product mix that helps the consumer to exercise the right to information.

What is working capital? Discuss five important determinants of working capital requirement?

‘Expenditure on advertising is a social waste.’ Do you agree? Discuss.

Define current assets? Give four examples of such assets.

‘Planning is looking ahead and controlling is looking back.’ Comment.

What kind of strategic decisions are taken by business organisations?

Explain the significance of the National Stock Exchange (NSE).

What are the main aspects in the definition of planning?