Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Match the following-

LIST 1
LIST 2
(A) Investors, customers, competitors (I) Infrastructural factors
(B) Social, political, legal and technological conditions (II) Totality of external forces
(C) Investors, customers, legal and technological conditions (III) Specific forces
(D) Financial institutions, banks, modes of transportation, communication facilities (IV) General forces

 Choose the correct answer from the options given below:

Options:

 A-I, B-II, C-III, D-IV

 A-III, B-IV, C-II, D-I

 A-IV, B-III, C-II, D-I

 A-II, B-I, C-III, D-IV

Correct Answer:

 A-III, B-IV, C-II, D-I

Explanation:

* Investors, customers, competitors- Specific forces (such as investors, customers, competitors and suppliers) affect individual enterprises directly and immediately in their day-to-day working.

* Social, political, legal and technological conditions- 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.

* Investors, customers, legal and technological conditions- Totality of external forces: Business environment is the sum total of all things external to business firms and, as such, is aggregative in nature.

* Financial institutions, banks, modes of transportation, communication facilities- Infrastructural factors, such as, financial institutions, banks, modes of transportation communication facilities, and so on.