___________ component of general environment prescribes laws or rules that all members of business community must follow.
Political environment
Social environment
Legal environment
None of these
Business is an ___________ activity.
Social
Economic
Political
All the above
As one of the components of general environment,_________ has strong influence over organizational policies and action.
Internal environment
Operating environment
Economic environment
Non-economic environment consists of social, cultural, political,legal and __________.
Technological
Non-technological
All of these
Demand for reservation in jobs for minorities and women, equal pay for equal work for male and female workers are examples of factors that operate in ____________ that have had impact on all business organizations.
Indian social environment
Indian economic environment
External environment
Identify the wrong statement
The success of business depends to the ability to adapt itself to its environment
Business enterprises must be aware of its surrounding
A business does adapt itself to its environment is likely to fail in the long run
For understanding the environment, environmental scanning is essential
A business can not operate in ___________.
Isolation
Technological environment
For understanding the environment _________ is essential
Environment scanning
Strategy
Both
PSUs stands for ___________.
Private Sector Unit
Public Sector Undertaking
None
E P Z stands for ________.
Extra promotion zone
Export promotion Zone
Export processing zone
Export prevention zone
