Class 12 Business Studies - Chapter Business Environment NCERT Solutions | How does the socio-cultural environment
How does the socio-cultural environment influence business decisions?
The socio-cultural environment plays a critical role in shaping business strategies, as it directly influences consumer behavior. Key considerations include:
- Cultural Norms and Values: Businesses must align their products and marketing strategies with the cultural values of the target market. For example, a product that aligns with local customs or traditions is more likely to succeed.
- Demographic Trends: Changes in population size, age distribution, and family structure affect demand for products and services. Businesses must track demographic shifts to cater to evolving needs.
- Consumer Preferences: Social trends, such as the growing focus on sustainability, health, and wellness, impact consumer buying decisions. Businesses that cater to these preferences can improve brand loyalty and customer retention.
- Social Responsibility: Businesses are increasingly expected to engage in ethical practices and contribute to social causes. Corporate Social Responsibility (CSR) initiatives help companies build positive brand images and strengthen their relationships with communities.
More Questions From Class 12 Business Studies - Chapter Business Environment
- Q:-
How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
- Q:-
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. - Q:-
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.
- Q:-
Why it is important for business enterprises to understand their environment? Explain.
- Q:-
How would you argue that the success of a business enterprise is significantly influenced by its environment?
- Q:-
Briefly discuss the impact of Government policy changes on business and industry.
- Q:-
What are the essential features of:
a. Liberalisation,
b. Privatization and
c. Globalisation? - Q:-
What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
- Q:-
How does understanding of business environment help in improving performance of a business?
- Q:-
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).
Popular Questions of Class 12 Business Studies
- Q:-
How does planning provide direction?
- Q:-
What is meant by staffing?
- Q:-
Identify the network of social relationships which arises spontaneously due to interaction at work.
- Q:-
What is informal communication?
- Q:-
State the meaning of controlling.
- Q:-
What is meant by capital structure?v
- Q:-
What is meant by management?
- Q:-
What is a Treasury Bill?
- Q:-
State any two advantages of branding to marketers of goods and services?
- Q:-
What makes principles of management flexible?
Recently Viewed Questions of Class 12 Business Studies
- Q:-
Discuss how planning leads to efficient decision-making.
- Q:-
State the meaning of controlling.
- Q:-
Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
- Q:-
Which element in the communication process involves converting the message into words, symbols, gestures etc.?
- Q:-
Which technique is used by Taylor for distinguishing efficient and inefficient workers?
- Q:-
Explain the significance of the Consumer Protection Act, 2019. How is it different from the 1986 Act?
- Q:-
State any two circumstances under which the functional structure will prove to be an appropriate choice.
- Q:-
What is the common name for Beneficiary Owner Account, which is to be opened by the investors for trading in securities?
- Q:-
List any two indicators of growth of an organisation.
- Q:-
Identify the network of social relationships which arises spontaneously due to interaction at work.
- All Chapters Of Class 12 Business Studies
- All Subjects Of Class 12