Class 12 Business Studies - Chapter Business Environment NCERT Solutions | National Digital Library of India (NDL I

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.

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).

State the impact of demonetization on interest rates, private wealth and real estate.

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?

Explain the relationship between planning and controlling with examples.

Enlist the advantages of packaging of consumer products.

Enumerate the various Acts passed by the Government of India which help in protection of consumers’ interests.

How does branding help in creating product differentiation? Does it help in marketing of goods and services? Explain.

What is the societal concept of marketing?

Explain the significance of the Consumer Protection Act, 2019. How is it different from the 1986 Act?

What is marketing concept? How does it help in the effective marketing of goods and services.

How does a company decide its working capital requirements?

Write a short note on budgetary control as a technique of managerial control.

Explain the importance of Consumer Protection for businesses.