Class 12 Business Studies - Chapter Business Environment NCERT Solutions | How does the socio-cultural environment

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.

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.

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).

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?

Distinguish between advertising and personal selling.

Explain any three principles of Directing.

Explain how planning provides direction and reduces the risk of uncertainty in an organization.

Explain the importance of coordination as an essential function of management.

Decentralisation is extending delegation to the lowest level. Comment.

State any two reasons why investing public can expect a safe and fair deal in the stock market. (Point w.r.t safety of Transactions – Functions of the Stock Exchange).

Ramnath is into the business of assembling and selling of televisions. Recently he has adopted a new policy of purchasing the components on three months credit and selling the complete product in cash. Will it affect the requirement of working capital? Give reason in support of your answer.

Can a large sized organisation be totally centralised of decentralised? Give your opinion.

Explain Taylor’s concept of 'Mental Revolution' and its relevance today.

Lalita wants to buy shares of Akbar Enterprises, through her broker Kushvinder. She has a Demat Account and a bank account for cash transactions in the securities market. Discuss the subsequent steps involved in the screen-based trading for buying and selling of securities in this case.