Chapter 3: Business Environment

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Business environment helps in improving:

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Legal environment ensures:

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Technological changes lead to:

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Government policies affect:

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Uncertainty means:

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Relativity means:

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Complexity means:

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Which is NOT an importance?

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Environment helps in:

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Which is a general force?

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Which is a specific force?

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Rise in income affecting demand is:

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Shift from CDs to OTT platforms shows:

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A: Environment is predictable R: Future changes are certain

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A: Business environment is dynamic R: It keeps changing

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Need for change arises due to:

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Demanding customers arise due to:

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Increased competition is due to:

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Globalisation means:

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Privatisation refers to:

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Liberalisation means:

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Use of AI in business is example of:

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Innovation is part of:

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Legal environment includes:

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Political environment includes:

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Change in consumer preferences relates to:

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Social environment includes:

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GDP growth is part of:

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Interest rates belong to:

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Part of economic environment:

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Legal environment includes:

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Technological environment refers to:

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Social environment includes:

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Economic environment includes:

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Which is NOT a dimension?

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Helps in planning and policy formulation is:

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It helps in coping with:

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Business environment helps in:

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First mover advantage comes from:

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Identifying opportunities is:

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Different firms face different environments refers to:

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Business environment is uncertain because:

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Difficulty in understanding environment is:

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Environment keeps changing refers to:

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Business environment is described as:

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Which is not part of business environment?

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Business environment consists of:

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Which best defines business environment?

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Business environment includes:

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Business environment refers to:

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