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Thursday, June 7, 2012

Class -12(Chapter -3 Business Enviornment)


Mention the dimension of business environment applicable in following situations:
Situation
Name of environment
1.     The health-and-fitness trend has become popular among large number of urban dwellers. This has created a demand for products like organic food, diet soft drinks, gyms, bottled (mineral) water and food supplements.


2.     The celebration of Diwali, Id, Christmas, and Guru Parv in India provides significant financial opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and much other related business.


3.     This health-and-fitness trend has  harmed business in other industries like dairy processing, tobacco and liquor.


4.     Even after opening up of our economy in 1991, foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India. Sometimes, it took months to process even their application for the purpose. As a result these companies were discouraged from investing in our country.


5.     The celebration of Diwali, Id, Christmas, and Guru Parv in India provides significant financial opportunities for greetings card companies, sweets or confectionery manufacturers, tailoring outlets and much other related business.


6.     The advertisement of alcoholic beverages is prohibited.


7.     Money supply in the economy


8.     Advertisements, including packets of cigarettes carry the statutory warning ‘Cigarette smoking is injurious to health’.


9.     The Constitution of the country


10.  Advertisements of baby food must necessarily inform the potential buyer that mother’s milk is the best. All these regulations are required to be followed by advertisers.


11.  Consumer Protection Act


12.  Government provides subsidy in the production of cotton garments.


13.  Composition of family


14.  Customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased.


15.  Airline companies have Internet and World Wide Web pages where customers can look for flight times, destinations and fares and book their tickets online.


16.  The government has also liberalised its economic policies in this regard and permitted even cent percent foreign direct investment in some sectors of retailing.


17.  A  rise in the disposable income of people due to increase in the gross domestic product of a country creates increasing demand for products.


18.  Vicks Vaporub is a popular pain balm. If it is used as a mosquito repellant in some tropical areas due to sheer ignorance, the adverse effects can be very severe.


19.  The slogan of Pepsi Cola “come alive” in some languages is translated as “come out of the grave”. Therefore due to this slogan, the product failed to pick up.


20.  Demand to reserve jobs for minorities and women.


21.  It has become possible to book railway tickets through Internet from home, office etc..


22.  Equal pay to men and women for equal work performed.


23.  High inflation rates generally result in constraints on business enterprises as they increase the various costs of business such as the purchase of raw materials or machinery and payment of wages and salaries


24.  When there is an increase in income of middle class families, there is a continuous demand for various consumer goods and they also influence investment in the corporate sector.


25.  Improvement and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business.


26.  Banking sector reforms have led to easier credit terms and better services.


27.  It is common now to see CD-ROM’s, computerised information  kiosks, and Internet/ World Wide Web multimedia pages highlighting the virtues of products.




28.  In case of construction companies and automobile manufacturers, low longer-term rates are beneficial because they result in increased spending by consumers for buying homes and cars on borrowed money.


29.  The government in Hyderabad is taking keen interest in boosting IT industry as a result the state is most commonly known as Cyberabad instead of Hyderabad


30.  Presence of in women in workforce effected fashion, electronics, cosmetic and food industry



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