G 3 by Business Studies

aarushimehta2306 — 2024-08-28 17:03:16 UTC

Q1. Rajat was carrying on a business of manufacturing plastic disposables like plastic plates, plastic cups and plastic straws. He heard about the upcoming ban on single use plastics. He was able to identify this external environmental trend which could hinder his firm's performance. So he took action and shifted to manufacturing the plates, cups and straws from bamboo and palm leaves. As a result, his business not only survived but was able to generate profit.

The point of importance of Business Environment highlighted above is:

(A)It enables the firm to identify opportunities and getting the first mover advantage.

(B)It helps the firm to identify threats and early warning signals.

(D)It helps in assisting in planning and policy formulation. [1]

aarushimehta2306 — 2024-08-28 17:03:16 UTC

Q2. Plastic utensils are often used as a low cost, convenient option for business or personal use. These utensils are lightweight, easy to transport and can be disposed off easily instead of cleaned and reused. But plastic utensils are harmful from health point of view and create various environmental issues. Nowadays Nowadays health and fitness trend is becoming popular. People are looking for different alternatives and have started opting for paper-made, steel for glass utensils which has tremendously increased the demand of these products.

The above para discusses an important dimension of Business Environment which is:

(a) Economic Environment

(b) Social Environment

(d) Political Environment [1]

aarushimehta2306 — 2024-08-28 17:03:16 UTC

Q3. “Cartoony Planet’ is a well-known indoor playground for organising parties for children in Noida. It has many play-stations and it organises various activities for the kids to enjoy.

Looking at the increasing number of children visiting ‘Cartoony Planet’, a new indoor playground in the name of ‘Tiny-Tots House’ came up with advanced swings, play stations and entertainment activities near ‘Cartoony Planet’. To compete with the newly opened indoor playground, ‘Cartoony Planet’ also added some advanced swings and entertainment activities to attract more children.

The above information highlights one of the features of business environment. Identify the feature from the following:

(A) Uncertainty

(B) Dynamic Nature

(D) Interrelatedness [1]

aarushimehta2306 — 2024-08-28 17:03:16 UTC