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Title: BUSINESS ENVIRONMENT
Description: Business Environment means the sum total of all individuals or institutions & other forces that are outside the control of a business enterprise but that may affect its performance.
Description: Business Environment means the sum total of all individuals or institutions & other forces that are outside the control of a business enterprise but that may affect its performance.
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BUSINESS ENVIRONMENT
Meaning of Business Environment:- Business Environment means the sum total of all
individuals or institutions & other forces that are outside the control of a business
enterprise but that may affect its performance
...
Change in Business Environment
Increase in Tax
Increase in Competition
Change in Fashion, Taste of Consumers
Technological Improvements & innovations
Political Uncertainty
Effect on Performance of the Business
Increased in Cost of production , things
becomes expensive
Reduction in Profit
Market Demands shifts from Existing to new
ones
...
DIMENSIONS/COMPONENTS/ELEMENTS OF BUSINESS
ENVIRONMENT
The various dimensions of Business Environment in terms of general Environment are:1
...
Example of Economic Environment: High Inflation rate generally results in constraints on business enterprises as
they increase the various cost of business such as purchase of raw materials,
or machinery & payment of wages & salaries to employees
...
Components of Economic Environment
Tax Rates
Rates of Saving & Investments
Rates of Economic Growth in terms of increase in gross national product & per capita
income
...
Money Supply in the Economy
...
:- 7017512568, 7060037301 (Vinay Ghansela)
2
...
Example of Social Environment: Social trends present various opportunities & threats to a business
enterprises
...
of dwellers
...
In business
terms, these values translate into freedom of choice in the market, business
responsibility towards the society & non-discriminatory Employment practices
...
Concern with quality of life
...
Educational system & literacy rates
...
Political Environment: It includes political conditions such as: General stability of
the government, peace in the country & specific attitudes that selected government
representatives hold towards business
...
Political Instability can
shake that confidence
...
Political parties & their ideologies
...
Nature & Extent of Government Intervention in business
...
Legal Environment: Legal Environment consists of various legal rules & regulations
relevant to business which are to be observed by business organizations
...
For Example: As per the Weight & Measurement Act 2000, packed eatables should
clearly bear a green dot for vegetarian contents & a brown dot for non- vegetarian
contents on their packaging
...
Court orders related to business
...
Technological Environment: Technological Environment refers to the state of
technology used in different businesses, including su
subsequently to synthetic ( a non-oil material)
It helps in improving Performance: The firms which continuously monitor their
environment & develop suitable course of action not only improve their present
performance, but also continue to succeed in the market for a longer period
...
The government of India has taken a no
...
Therefore Explanation as given below:I
...
FEATURES OF LIBERALIZATION
i
...
iii
...
Freedom in deciding the scale of business activity i
...
no restrictions on
expansion on business activities
...
iv
...
II
...
Reduction in tax rates & lifting of unnecessary controls over the economy
...
In the New Industrial Policy 1991, the government adopted the policy of
planned disinvestment of the public sector to the private sector
...
It results in dilution of stake of the government in the public sector enterprise
...
III
...
FEATURES OF GLOBALISATION
i
...
iii
...
v
...
Free Flow of technology among countries
...
Global mechanism for setting economic disputes
...
FACTORS RESPONSIBLE FOR NEW ECONOMIC
Economic development of the country
...
Economic Indices like national income, distribution of Income, Per capita Income,
Value Exports & Imports, Balance of payments & so on
...
MAINS OBJECTIVES (AIM) OF LPG
Rapid economic growth & higher standard of living
...
Reduces unemployment & poverty
...
The government reduced to the no
...
B
...
C
...
D
...
DEMONETIZATION
Demonetization is the act of the government to cancel the legal tender status of a currency
unit in circulation
...
FEATURE OF DEMONETIZATION
1) Demonetisation is viewed as a tax administration measure:- Cash holding
arising from declared income was readily deposited in banks & exchanged for new
notes
...
2) Demonetization is also interpreted as a measure to improve tax compliance:
It indicated that tax evasion will no longer be tolerated or accepted
...
3) Channelising Savings: Demonetization also led to channelizing savings into the
formal financial system Bank deposits increased
Title: BUSINESS ENVIRONMENT
Description: Business Environment means the sum total of all individuals or institutions & other forces that are outside the control of a business enterprise but that may affect its performance.
Description: Business Environment means the sum total of all individuals or institutions & other forces that are outside the control of a business enterprise but that may affect its performance.