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'Konark Ltd.' is an electronic goods manufacturing enterprise situated in Shivpuri, Madhya Pradesh. It is earning a very low revenue in comparison to a competing electronic goods manufacturing enterprise, 'Nova Ltd.' situated in Mumbai. Both Konark's and Nova's operations are affected directly by the investors, customers, competitors and suppliers, which are unique to their respective locations. In addition to this, individual firms of this field are affected indirectly by the factors like the money supply in the economy, composition of the families, the technological changes, etc.
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Question : 25
Total: 32
Identify and state the feature of the concept discussed in the above paragraph.
Solution:
The concept discussed in this para is business environment'. The features discussed about this concept are:
Business environment includes both 'specific and general forces'. Specific forces affect individual enterprises directly and immediately in their day to day working. The specific forces includes consumers, investors, supplies etc. The general forces have impact on all business enterprises and thus may affect on condition individual firm only indirectly. The general forces include-Political, Economic, Technically condition etc.
Business environment includes both 'specific and general forces'. Specific forces affect individual enterprises directly and immediately in their day to day working. The specific forces includes consumers, investors, supplies etc. The general forces have impact on all business enterprises and thus may affect on condition individual firm only indirectly. The general forces include-Political, Economic, Technically condition etc.
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