Classical

Business Environment - Business Environment Objective Type Questions

26:  

Which one of the following cannot be included under the nature of relationship between business and environment ?

A.

Interdependence

B.

Dynamic

C.

Social change

D.

Fixed

 
 

Option: D

Explanation :

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27:  

In this type of economic system, the Government intervention will be absent 

A.

Free enterprise economy

B.

Socialist economy

C.

Mixed economy

D.

None of the above

 
 

Option: A

Explanation :

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28:  

These are forces in company's immediate environment that affect the company's performance

A.

Macro environment

B.

Micro environment

C.

Technological environment

D.

Natural environment

 
 

Option: B

Explanation :

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Mudit said: (8:58am on Sunday 1st October 2017)
Micro includes customers, vendors and channel partners with whom the company interacts frequently and they affect the performance of the company.

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29:  

Globalisation can create problems for business because

A.

It can result in more competition

B.

It increases vulnerability to  the political risk and uncertainty when operating abroad

C.

It means that they can increase price

D.

All the options are correct

 
 

Option: A

Explanation :

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30:  

Industrial policy of 1948 aimed at

A.

Industrialisation

B.

Growth of agriculture

C.

Development of Infrastructure

D.

Development of Service Sector

 
 

Option: A

Explanation :

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