. ESS ENVIRONMENT,DELHI PUBLIC SCHOOL RAJKOT CERTIFICATE | This is to certify that } of XII-commerce has satisfactorily completed his/her project work in the subject of Business Studies on the topic “BUSINESS ENVIRONMENT’ under my guidance for the } academic year 2017-18 as the partial fulfillment of AISSCE, | March-2018 conducted by CBSE. Internal School stamp. External | Examiner Examiner | (Ravi Kariya)INDEX SR.NO. Title/Topic 1 Meaning of business environment 2 Features of business environment 3 Importance of business environment 4 Economical environment 5 Aspects of Economical environment 6 Examples of Economical environment 7 _ | Social environment 8 | Aspects of Social environment 9 Examples of Social environment 10 | Political environment 11 | Aspects of Political environment 12 _| Examples of Political environment 13 | Legal environment 14 | Aspects of Legal environment 15 | Examples of Legal environment 16 | Technological environment 17 | Aspects of Technological environment 18 | Examples of Technological environment 19 Remarks=> Meaning of business environment Business envionment can be detned as “the faxes, faders and wasttctions with which the businessman has to deal with to ackiwe cts otjectives-” Whenever any businessman tb operating 0% wording ter he has to nteact with the Customers, suppliers ard he has to pextvin the Lrasactons twithin the rules And Aepulations o the Government BUSINESS ENVIRONMENT1- Au te extemal faites *~ Business envionment includes all the. forces, trstitutions and tacks whith. olixe cl on snolirectly attect the business oAganisatin. + specitic ard general tances :- Gudinesa envixonment tneludes specitic artes udh as tquestards, Customers, Competitars and suppliers - Non- human a% general Taxces are social, Legal, Lechnological, political, ete ., which attect the business inolinectty - 3- Intex-nelation:- gu the faces ard facts of business enuixonment ane inter -telated tp each other - fox example, with trclnation Y youth towarals western Culture, the demand tar tet food 4 aicwersing. Uncentainty :- a vey Aticult to preclict te Changes of business envixnonment. As envixonmené 2 Changing vey fast tor example “2D7, fashion In olustoey a codlergoing fast and treguent charges.5. Dynamcc - Business environment 3 highly tloxible and beep changing: lt cs not state on rapid that ts why ct ts essential to 6+ Complex ?- /t& very cleth cule £ endestard the epee iy ners eal ee Althowgh it a Cay ta Stan the envivorment but Ls Vew ditkcult to brow these Changes will influence © business clecisions. for example, achange vr Goverment policy to intense che tax Kate by 57 may atlect the ¢scome Y Company by a Lage amourt-4- Enables the tim Ao identity the threats and early warning Signal *- The businessmen tho axe able to 40an and undertand the business enudranment on Aime get a warnirg Atpnal to deal with the Qntaints of business environment: Timely seaming nd qualitative entiation We 2her 2 Wong signal and timely actors Lllaroleiy 20 it 22 tober. * Enables the tiem te identity opportunities ard pehing fiat Mover advantage t- The businessman. tho Stan the opportunities oy business enuixonmert Qt caly stage Gang et maximum beniktt fo aptore. markel: For example , Maruti 32s the feist @npary ty aa se the need Ta 4mall Ques 2 an Nueonment Y rusig petrol prices and lage middle class population Anda 40 they became the leader in the dmall Qe market ch Indln.3- Helptul «2 Lapping and assembling Ftesowt Ces * - Businessmen have to supply the goads to market actarcling te the lemard cr market To Augoly output Ay neal dnput, Jaw materials , ete - They aque Haw materials And other Hesowrces keging th mind Lhe output demanded tn the enixoment- fox cxample , with Lhe demand gy LED, 30 TV., ete: Manufacturers axe Collecting Hesownces Necessary © manufacture LED and 30 TY, *ather than 4. Help 20 Actust and adapt with the Suyzid Charges: Changes ane place vey fast and Cl a. at & essential to understand these Charges 2s i ee Business environment sadeutend Shere charges tits erurornert Sannin. Therefore Cnvixonmedt sCaming helps <2 Coping t0tth the tapi Changes.5: Assisting ta planning and policy making + The major sbiatepes 0x plans and polities a2 the Oyanisation axe tosimed Reeping i mind business envixarmenrt because the polities and es have #0 be implemented “n the presence of envinonmental tacturs - 40, these must be made Aecping cr mind the envixonrnertal factors» Staming of environmental tactars helps v finding Cut Lhe opportunities of business and stuateyics Gn be Made 20 fab these Opportunities - far eeample, Cn dtanning te hdian business enuonmet we tind there is agreat Stope Tan Aoutism Industy Ou Company 50, businessmen te Pleoning abratenias to grab these oppardtuntties- 2 | 9 g 3 oO 2 2 z 0 w on & ee 2 rrDimensions Of business envixonment mean al the Facters , fortes andl astitutions which have dinect on undixect tr Muence over the business tarsactons General environment 1s the ee environment of business as businessman Cannot rHuente or change the Components of 4 ewironment tater he has © change fis plans and policies actardiig tthe Changes taking place te general environment.ECONOMICAL ENVIRONMENTThe economic Conditions Ye Nation tte 20 Q del Y economic factors that have agrtal influence On business Cganuiations and their operations - This include fess domestic Product, per Capita income, faxegn Ccchange HAGUE, strength ot Capital mucket, et. Al business activities And cperations that wre clivectly Aatluented Ly te etonomic polices frame Ay the fovocoment biom time Lo Lime: Some Y the Clonomic poticces Qe: ? Industrial policy ? Fiscal polecy 2 Monetated potty 2éxpod- Import policy, CeeThe @Conomic envronment factors have balance Y payment abects Lhe businessman Aoreign Couteces + On Lhe ther hand -/ Lhe expards ncrtises it means that we are tr duplus situation and other Countues axe Leperdedt On us tar the Aupply-3- Reserwe Bank of Incka@ :- Vousus Anantial sector nefoms were made after new economic policy 1991:- > Role of RBI twas Changed trom “Repulatar' 2 ‘faatitedar’. > Cah nesewe Hato CORR) and statulyrey Laguiclity Satis (sir) were Heduced to incase the money dupply tr the market 2 Foreign thuestment tint 100s aised and mode Qhow t8 cnuest ur indian financel market tdler Lhrict guidelines of Hescrcse Bank of India (Ret). Asa nesult there wos a positive impact on the econamy a India:4. Demone&isation of Inokan 500 Rupees ClUKeny notes > ee Be demonebiation 7 oe and 1000 Rs. notes Hecently At the inelian A ct nesbuchs the business Ltarsackon cohich aoftects the purchase and 4 ell Y goods and deuce due to Hes ees since clemand ee down due toSOCIAL ENVIRONMENTThe soaal envixonment of the business tnrludes Aocial factor the customs, traditional values, belivts , poverty , education Level, jtandard of tvirg, @nd taste and prcterence , etc. The docial Abuoture ond the values that 2 society cherishes have Acouidenable ttluence On the funthioning of business fitms . The businessman may not overlook the @mponens G Joma Cnvinonmert a Bese Componors may have Long period crack on the business but “5 the Lory Kin Be octal ewtronmerkt has great impact On Ge husiness tims +Quality of Lite - Impardance on place of Women 2 Wworksarce - Both and deat. Hates Attitude of Customers towards innovation , biestyle ae. - Edlucohion and Literacy Hates a - Consumption habits » Traditon Customs and habits of pesple- nH + WN EE a 34. Change tr Clothing style of 4e people —_— In todays ward due 20 rapiol changes tekiig place tr tishion Lrerds, People are Changing Ltt Mites byle Aupiclly - In Olden days people used to Wear Q particular Clothes tar Long period of Lime: So, while Comparing the Cloth dystim 10€ Carn Sey thant peaple howe glared gettehg albatted to westem Clabes Ay givirg up their Laaditonal Clothes +40 ther agtat oe tr husineumar tr clocrg business g western es.These feod 2 WwLegal cnvirenment Constitutes Gre Laws and varwous tejislatcons pated i the padianert The businessman Cannot overlook the Leis lations because he has Lopertarm Ad busine Ltannckons wthin lhe Puamewo%r Gg egal envixonmert : The Important Leys Letion, frat Concern business Qe: - U) Dade mark Act, 1941 Ci) Essential Commodity Act, 2002 Uil) Consumer protection Act C Copra) , 1986 Civ) Companies Act , 1156- Most of the time Legal enviwnments puts Consbais Cn the businessman hut sometime Choy provide opportunities to the business rgarsation.Examples of legal environment:- 4+ Various laws andl Legislative Cts - 2+ Leyal policies Helated to licensing 3: Legal policies Ptélated 20 tareign Diade. 4 statutory warnig exsertial Lobe punted on label. 5+ Foreign exchange Aeglalion and management Ack. 6. Laws 2 keep 2 check on advertisements. Legal Environment of businessAspects of legal environment:- 1 Centon Conttticale neguinement fox moues *- In Indian ct cy Legally Compulsory fan every moues 0 get pow throug cad get 2 Clearance bon the Central board of ln Certification Ox Censor hoard Ccethcate 20 get Healeased 17 the moure cenema- these authouties prasdes cetktatle Gn the basis of Aefhexent Cateqvues Lhe for Only Adults , tar everyone, ete They a alo ask tor Cutting down Some sckénes Oy 10 e24£ them which axe not duitalle & nappropuate to show tye public. $0 film- Make Cannot shoe any thirg 2 people a leg ally Censox board clon't allaw Lem Lo de do with heir permigion and atcytance-2. Pelvectisement of alcoholic product b prohibited: In India Advertisement of alchohoiic Poduct 4s prohibited ty he Maw becouse it Promotes negative habets and impression On the people Of the Socety- 50 Lo tn Crease the selling of Lheix Product they use Varuous technugues tke they advertise their product “7 dome ptivate channels dy showirg different frodueds of the Jame hand - Hey be trough the popular shows a ty making aolvertiserort Oponserung Umwos Ges 4am matches, et:3. Statutory Warnirgsessential to b: prunted on label ?- WARNING BS) ee a ures In India LL 4 Legally Compuliory 10 print the Atatutory warning 7 £0 bacco prodecls cs these Be ark - Socal producl, anol Can proved Ho be Lagos Ton the heallh ot the Consune&- The government proposed the Larger Louning Size that Covers 85% of the Ltant and back of the packet titth Statutory waning - The Lager dize Y warnings Were initially Sthtdiled to Came ints etfect on 1° Apul,Zols-4 Labelling of Veg. and Non -Veq- foods :- VEG NON-VEG package food product that axe been dol cn India ane eguired to be Labelled with a Mondaley march ty adler Lb askin gutsh beter Vegetarian Ard Mon- venetian: The green 4ymbol en product shows the ve ctarian fod: The Ned symbol en products shows the Von - Veetavuan food. the Govecnment 2llauk £6 put Cethen of the dymbal of Veg ov Non- Vey accardirg @ the Content of food: To sat guard the Interest @nd the gentinerts of Lhe people, 2 Ttood Lable must have Loe tdankih tation marek ‘UG’ or Won- ve9’ Attosideg £0 the Content Qnd Category of food:TECHNOLOGICAL ENVIRONMENTTechn ological erxxonment Htters 20 charges faking place 2 the mettod Gf production , tbe of New equipment And medrtneries % improve the quality G Product - The buscnessman must Closely monitor the Zechnolopical Charges tabeg place dn Drs Lndlusby because Ae will hove zo implement these Changes Lo Memaur tn tre Comp ekitive marhel. Technological eruckonmet olulays btungs Changes oo quality toproemert and tw it benttts more to the Customers - Nowadays. back no tum Can attra 26 persists Lhe outdated technologies A business has to adopt the technological Changes Bum Line Lo tme-+ Vartous sonovations and inventors. + Stieakhic improvements - - Developments a TT sector. - Impact and eocpard of technology. > Technological advances 2 Computers. & ankne booking of Ackets4- Change th trrming methods :~ Earker fuiner tsedl to have bullocks the tvem fox vouous purposes but atter new technoleg (lat advancement now we have Liactyrs in theta Ht provicted Helel Lo the farmer as their wor Got Casy, simpliied Qnd faster: abe gave businessmnar Qn oppostenity to opand business of Lractara and other modern teming eupments -2: Early water < Aupply and present water seupply °- Ee. water: eS papel for water + Also business ton .. shower,6c hanges fA photo Copier Andi xeox machines *— Earlier punters Could ently punt black anol tute photo due to availabilty ¥ Orly black rh: frd no Color prurt were offered ty printers. Harecver machine tued 20 be ditvo.lt to operate: hut nowadays due £0 tehnologitad advance ment modern printers offs both black and white Grol Colour pyrudt as Well » Hoxcover he oerall efficiency of Printers ls Increased. which does wor faster Han oldone - Aso opelating has belome easy § Smoot: