Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

A case study is given below. Based on this case study, answer the following question.
The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, Coca Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.

Identify the feature of Business Environment which the Coca-Cola Company managed to get in their favour.

Options:

To identify opportunities and getting the first mover advantage

Specific and general forces in Environment

Tapping of useful resources.

Coping up with rapid change

Correct Answer:

Specific and general forces in Environment

Explanation:

Out of the options, only option 2 is a feature of Business Environment and the other three options are not features of business 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 social, political, legal and technological conditions) have impact on all business enterprises and thus may affect an individual firm only indirectly.