Environmental Factors Model Question Paper

12th Standard EM

    Reg.No. :
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Commerce

Time : 02:00:00 Hrs
Total Marks : 50
    7 x 1 = 7
  1. GST stands for ________.

    (a)

        Goods and Supply Tax

    (b)

    Government Sales Tax

    (c)

    Goods and Services Tax

    (d)

    General Sales Tax

  2. The two major types of business environment are ________ and ________.

    (a)

    Internal, External

    (b)

    Micro, Macro

    (c)

    Supplier, Competitors

    (d)

    Financial, Public

  3. ________ environment includes weather and climatic conditions.

    (a)

    Technological

    (b)

    Geo-physical environment

    (c)

    Socio-cultural

    (d)

    Global

  4. The size and composition of the population is part of _________ environment.

    (a)

    Global

    (b)

    Technological

    (c)

    Socio-Cultural

    (d)

    Geo-physical

  5. A business is an integral part of the

    (a)

    social system

    (b)

    economic system

    (c)

    psychological system

    (d)

    none of these

  6. The success of an enterprise is solely dependent on its

    (a)

    manpower

    (b)

    skills

    (c)

    quality

    (d)

    right attitude

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

    (a)

    competitors

    (b)

    financier

    (c)

    customers

    (d)

    suppliers

  8. 2 x 2 = 4
  9. Assertion (A): The formulation of strategic decisions, policies and programmes requires an understanding of the environmental factors impacting the business.
    Reason (R): Environment scanning measures can be taken by the firm to overcome the threats. Select the correct answer.
    a) Both (A) and (R) are true and (R) is the correct explanation of (A).
    b) Both (A) and (R) are true and (R) is not the correct answer.
    c) (A) is true, but (R) is false.
    d) (A) is false, but (R) is true.

  10. Assertion (A): The aim of any business is to satisfy the needs of its customers.
    Reason (R): The customer is the kind and the fulcrum around which the business revolves.
    (a) Both (A) and (R) are true and (R) is the correct explanation of (A).
    (b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
    (c) (A) is true, but (R) is false.
    (d) (A) is false, but (R) is true.

  11. 7 x 2 = 14
  12. Define Business environment.

  13. What is GST?

  14. Expand VUCA.

  15. What is Market?

  16. What is mean by Regulated Market?

  17. Mention any four differences between Wholesale Market and Retail market?

  18. What is external environment?

  19. 5 x 3 = 15
  20. Explain the natural environment of business.

  21. Write about any three internal environmental factors of business.

  22. What are the functions of the GST council?

  23. What do you know about Technological environment?

  24. Explain the kinds of the GST.

  25. 2 x 5 = 10
  26. Discuss the role of macro environment of business.

  27. Explain the micro environmental factors of business.

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