BUSINESS ENVIRONMENT PRACTICE TEST Very Short Answer Questions 1 What do you mean by business environment 2 Define environment scanning 3 Enumerate the two categories of business environment and give the example of both 4 What constitutes the general environment of business 5 Environment provides with constraints and opportunities Discuss with the help of an example 6 Enumerate the dimensions of business environment 7 Companies that fail to adopt to their environment are unlikely to survive in long run Discuss with an example Short Answer Questions 1 Explain the key components of general environment decisions 2 Do changes in environment influence the business 3 What is meant by business environment State any three points of its importance 4 Explain any four features of business environment 5 Explain any four features of demonetization Long Answer Questions 1 What changes were made in the Industrial policy in recent past 2 Explain the three impacts of changes in government policy on business and industry 3 Konark Ltd Is an electric goods manufacturing enterprises situated in Shivpuri Madhya Pradesh It is earning a very low revenue in comparison to a competing electronic goods manufacturing enterprise Nova Ltd Situated in Mumbai Both Konark s and Nova s operation are affected directly by the investors customers competitors and suppliers which are unique to their respective locations In addition to this individual forms of this field are affected indirectly by the factors like the money supply in the economy composition of the families the technological changes etc a Identify and state the feature of the concept discussed in the above paragraph b Also state any four points of importance of this concept
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