Business environment notes pdf format

Definition of Business Environment is sum or collection of all internal and external factors such as employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc. These factors affect the function of the company and how a company works directly or indirectly.

Sum of these factors influences the companies or business organisations environment and situation. Some of the business environment questions and answers are mentioned below.

You can download the QnA in business environment pdf form. It will help you to understand question paper pattern and type of business environment question and answer asked in MCOM 1 st year in business environment exam. You can download the syllabus in business environment pdf form. In the above article, a student can download business environment notes for 2 nd semester MCOM and business environment notes for 1 st year M.

Changes in social environment affect an organization in the long run. Example: Now a days people are paying more attention towards their health, as a result of which demand for mineral water, diet coke etc. A businessman must closely monitor the technological changes taking place in the industry as it helps in facing competition and improving quality of the product.

For Example, Digital watches in place of traditional watches, artificial fabrics in place of traditional cotton and silk fabrics, booking of railway tickets on internet etc. Political Environment: Changes in political situation also affect business organizations.

Ideology of the political party, attitude of government towards business, type of government-single party or coalition government affects the business Example: Bangalore and Hyderabad have become the most popular locations for IT due to supportive political climate. Legal Environment: It constitutes the laws and legislations passed by the Government, administrative orders, court judgements, decisions of various commissions and agencies.

Businessmen have to act according to various legislations and their knowledge is very necessary. Example: Advertisement of Alcoholic products is prohibited and it is compulsory to give statutory warning on advertisement of cigarettes. New Industrial Policy — Under this the industries have been freed to a large extend from licences and other controls.

Efforts have been made to encourage foreign investment. New Trade Policy — The Foreign trade has been freed from the unnecessary control. The age old restrictions have been eliminated. Fiscal Reforms. The greatest problem confronting the Indian Govt. Monetary Reform — It is a sort of control policy through which the central bank controls the supply of money with a view to achieving objectives of general economic policy. Capital Market Reforms- The Govt.

So, we have put together all the frequently asked questions and will try to answer all your questions here. Ans- When you will complete the payment, you would see the pdf link to download on screen and that same download link on the email also. Ans — Yes that is for sure. You can learn a lot from our environment notes like how WTO functions, what is LPG Liberation, Privatisation and Globalisation which is a must to learn topic for everyone and a lot more other interesting topics also.

I have covered everything. Fundamentals of Computer Notes. Business Mathematics Notes. Fundamental of Management Notes. Human Resource Management Notes. Financial Management Notes. Business Economics Notes. Licensing system d. Regulation of product mix e. Promotional activities f. Celings on prfit margins,divedend etc g. Restriction on intra corporate investment,interlocking of directors,appointment of sole selling agents h.

Control through fiscal monetary incentives. Infrastructure facilities i. Power ,transport ,finance market,institutions for training ii. Various incentives through policies. Establishing and operating business interprises b. Public sector development i. Capital intensive projects,like steel ,capital goods,petrochem,fertilizers. Measure in electricity bill b. Amendment in labour laws c. Mamta banarjee,self styled opposition d.

Laws relating to consumer interest b. Restraining children in commercial ads c. Cigarette smoking d. Statutory controls. Right to equality b. Freedom c. Against exploitation d. To freedom of religion e. Cultural and education f. Constitutional remedies. Open navigation menu. Close suggestions Search Search. User Settings. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Explore Ebooks. Bestsellers Editors' Picks All Ebooks.

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Micro Environment 2. Macro Environment 1. Democratic rights k. Consumer spendings b. Judiciary — responsible for interpreting and applying the law 1. State as planner b. Ritika Gupta. Serwan Serwan. Prerna Gupta. Rahul Arora. Ankit Kumar Chauhan. Vijay Basnale.