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Answer question based on following case study.Mr. Rajan wants to start a new business. Before starting new business, he made an analysis and found var

Reading Comprehension

Answer question based on following case study.
Mr. Rajan wants to start a new business. Before starting new business, he made an analysis and found various external and uncontrollable forces which affect individual enterprise directly and indirectly. Because these forces keep on changing. it is difficult to predict future happenings. Some examples of these forces are growth rate of GDP, consumption habits, expansion of communication facilities etc.

1) Question

Identify the concept which is pointed out in the phrase "Various external and un-controllable forces which affect individual enterprise"?

A.

Market Survey

B.

Forecasting

C.

Business Environment

D.

Planning

Correct option is C

The concept which is pointed out in the phrase is ‘Business Environment’.

2) Question

Which feature has been indicated for the identified concept in the phrase 'These forces keep on Changing'?

A.

Complexity

B.

Dynamic

C.

Inter-relatedness

D.

Relativity

Correct option is B

Dynamic means which keeps on changing. Therefore ‘Dynamic’ feature of the business environment is discussed in the given statement.

3) Question

Identify the feature of concept identified indicated in the phrase 'Difficult to predict future happenings'.

A.

Relativity

B.

Dynamic Nature

C.

Continuity

D.

Uncertainty

Correct option is D

Uncertainty means difficult to predict. Therefore, ‘Uncertainty’ feature of the business environment is discussed in the given statement.

4) Question

‘Growth rate of GDP’ is a component of:

A.

Economic Environment

B.

Technological Environment

C.

Social Environment

D.

Legal Environment

Correct option is A

‘Growth rate of GDP’ is a component of Economic Environment

5) Question

'Consumption habits' is a component of:

A.

Legal Environment

B.

Social Environment

C.

Economic Environment

D.

Political Environment

Correct option is B

'Consumption habits' is a component of Social Environment.

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