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12th Commerce Monthly Test - 3 ( Environmental Factors )

St. Britto Hr. Sec. School - Madurai

12th Commerce Monthly Test - 3 ( Environmental Factors )-Aug 2020

Time : 2.00 Hours

Part - A

Multiple Choice Question - Answer All Question

The economic environment of a business includes

Economic system
Economic policies
Economic conditions
All of these

___________ refers to those factors within an organisation.

Internal environment
External environment
Both 'a' and 'b'
None of these

The analysis of business environment helps a business to identify

new opportunities
new employees
profit maximisation
none of these

Customer relationship management aims at creating and sustaining cordial relations with

suppliers
customers
financiers
competitors

GST is the ________ tax levied on goods and services across the country

direct
indirect
both
none of these

Internal environment factors can be changed or altered are known as

external factors
controllable factors
uncontrollable factors
none of these

External environment of business is

Physical
Demographical
Economic
All of these

Which provides a frame work for managing a company and achieving its objectives?

Corporate governance
Public corporation
Both 'a' and 'b'
None of these

______________ economy is a state controlled with a lot of restrictions on private sector.

Capitalistic
Socialistic
Mixed
All of these

The aim of any business is to satisfy the needs of its

customers
suppliers
financiers
public

_____________ consists of economic conditions, economic policies, industrial policies and economic system.

Business environment
Economic environment
Natural environment
None of these

In which of the following basic categories can business environment be divided?

Legal and Regional
Regional and National
Internal and External
Financial and Non-financial

GST stands for ________.

Goods and Supply Tax
Government Sales Tax
Goods and Services Tax
General Sales Tax

______ refers to the sum total of factors of the society in which the business is located.

Business environment
Cultural environment
Social environment
Physical environment

_________ economy is a combination of both state owned and private sector ownership.

Socialistic
Capitalistic
Mixed
None of these

Every business has to take

strategic decisions
dynamic decisions
both
none of these

An analysis of the external environment enables a firm to identify.

Strengths and opportunities
Strength and weakness
Weakness and threats
Opportunities and threats

In any organisation the _____________ of raw materials and other inputs play a very vital role.

customers
Financiers
suppliers
channel members

A business is an integral part of the

social system
economic system
psychological system
none of these

________ refers to an external forces that have a beating on the functioning of the business.

Environment
Culture
Social
All of these

The economic environment of a business includes

Economic system
Economic system
Economic conditions
All of these

_____________ economy is a combination of both state owned and private sector ownership.

Socialistic
Capitalistic
Mixed
None of these

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

Macro environment
Micro environment
Technological environment
Natural environment

__ and are used as a platform for advertising and promoting the products / services.

Data mining, data analytics
Digital, social media
Digital, public media
None of these

_________________ economy is a state controlled with a lot of restrictions on private sector.

Capitalistic
Socialistic
Mixed
All of these

Part - B

Generic 2 - Answer All Question

What is GST?
Give the meaning of corporate governance.

Why Customer support is needed to Market?

What is Market?

Mention any four differences between Wholesale Market and Retail market?

What is mean by Regulated Market?

Expand VUCA.

Define Business environment.

What is external environment?

What is external environment?

Part - C

Generic 3 - Answer All Question

What are the political environment factors?

Explain the natural environment of business.

State the framework of Corporate Governance in India.

What are the functions of the GST council?

Explain the kinds of the GST.

What do you know about Technological environment?

Explain the kinds of the GST.

Write about any three internal environmental factors of business.

Write a note on future environment of business.

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