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12th Commerce Weekly Test - 1 ( Environmental Factors )

St. Britto Hr. Sec. School - Madurai

12th Commerce Weekly Test - 1 ( Environmental Factors )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

External environment of business is

Physical
Demographical
Economic
All of these

The ___________ group has the ability to make or man a business.

Competitors
Public
Private
None of these

Internal environment factors can be changed or altered are known as

external factors
controllable factors
uncontrollable factors
none of these

Organisations have realised the importance of nurturing and maintaining good relationship with the

competitors
financier
customers
suppliers

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

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

Business is a part of the

society
economic activity
both 'a' and 'b'
none of these

The ________ group has the ability to make or man a business.

Competitors
Public
Private
None of these

__________ environment is with in the control of the business.

Internal
External
Micro
Macro

Customer relationship management aims at creating and sustaining cordial relations with

suppliers
customers
financiers
competitors

Business is a part of the

society
economic activity
both 'a' and 'b'
none of these

VUCA stands for ____, _, ____.

Volatility, Uncertainty, Complexity and Ambiguity
Volatility, Uncertainty, Complexity and Ambiguity
Vision, Uncertainty, Corporate Governance and Ambiguity
Volatility, Uncertainty, Consumer and Ambiguity

_____________ may be for the same product or for similar products.

Suppliers
Customers
Competitors
Financiers

Micro environment is also called as

General environment
Operating environment
Economics environment
Political environment

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

Macro environment
Micro environment
Technological environment
Natural environment

Internal environment factors can be changed or altered are known as

external factors
controllable factors
uncontrollable factors
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

________ environment includes weather and climatic conditions.

Technological
Geo-physical environment
Socio-cultural
Global

External environment of business is

Physical
Demographical
Economic
All of these

The framework for running a business is given by the _ and ____ environment.

economic, non-economic
social, cultural
political, legal
technological, global

__________ may be for the same product or for similar products

Suppliers
Customers
Competitors
Financiers

The development in the IT and telecommunications has created a

rural market
global market
global market
none of these

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

Environment
Culture
Social
All of these

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

Capitalistic
Socialistic
Mixed
All of these

_____________ helps the firms to identify threats which may affect the business.

Public image
Environment scanning
Business aids
All of these

______________ economy is a free enterprise market where individual ownership of wealth is predominant.

Capitalistic
Socialistic
Mixed
None of these

Part - B

Generic 2 - Answer All Question

Give the meaning of corporate governance.

Why Customer support is needed to Market?

Mention any four differences between Wholesale Market and Retail market?

Expand VUCA.

What is external environment?

What is mean by Commodity Market?

What is Market?
What is GST?

What is internal environment?

What is mean by Regulated Market?

Part - C

Generic 3 - Answer All Question

State the framework of Corporate Governance in India.

Explain the natural environment of business.

Write a note on future environment of business.

What are the political environment factors?

Write about any three internal environmental factors of business.

Explain the kinds of the GST.

What do you know about Technological environment?

What are the functions of the GST council?

Explain the kinds of the GST.

Part - D

Generic 5 - Answer All Question

Discuss the significance of understanding business environment and the internal factors affecting business.

Explain the micro environmental factors of business.

Explain the core values of business?

Discuss the role of macro environment of business.

Describe the economic and socio cultural environment of business.

Explain the core values of business?

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