Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

A recent cut in the interest on loans announced by the SBIM Bank encouraged Anaya, a science student of Imperial School to take a loan from SBIM Bank to experiment and develop cars to be powered by fuel produced from garbage. She developed such a car and exhibited it at science fair organised by DOE. She was awarded Ist prize for his invention.

The factors mentioned in the above passage related to...............

Options:

Specific force

General force

Internal force

All of these

Correct Answer:

General force

Explanation:

A recent cut in the interest on loans announced by the SBIM Bank - Economic environment

Develop cars to be powered by fuel produced from garbage- Technological environment

Business environment includes both specific and general forces.
Specific forces (such as investors, customers, competitors and suppliers) affect individual enterprises directly and immediately in their day-to-day working.
General forces (such as economic, social, political, legal and technological conditions) have impact on all business enterprises and thus may affect an individual firm only indirectly.