Business Environment class 12 ppt
- 1. Business Environment SANGEETA MAM RAJVEER SIR Name: EERAM Class: 12 HIMANSHU SIR
- 2. Business Environment It is the sum total of all individuals, institution and other forces that are outside the control of business enterprise but affects the performance of the business. Meaning:
- 3. Features of Business Environment • Totality of external forces • Dynamic Nature • Complexity • Uncertainty • Specific and general forces
- 7. Social Environment Social trends Customer & Tradition Human development Education Society development
- 8. Technological Environment Innovation Artificial Intelligence Digital marketing Internet connectivity Change in Technology
- 9. Political Environment Political system Corruption Peace of country Rules and Regulation
- 11. Economic Environment in India Till 1991 India followed an economic policy with a socialist basis. The policy was based on the primacy of public sector and control and regulations on private sector
- 12. New Industrial Policy 1991
- 13. Liberalization Liberating the economy from the regulations and restrictions on economic growth. The new policy of liberalization through de-licensing and de-controls frees the economy from restrictions.
- 14. Privatization It refers to greater role to private sector and decreasing the role of public sector. Its means allowing the private sector to come foreword for establishing more Industries in private sector.
- 15. Globalization Globalization means free movement of goods, capital and labour across the globe. Its means linking the economy of a country and free trade and free mobility capital and labour etc.
- 16. Impact of changes in government policy on business and industry
- 17. Demonetization Govt. of India made an announcement on Nov 8, 2016 that the two largest denomination notes Rs.500 and Rs.1000 were demonetized. The aim of demonetization was to curb corruption, fake notes, use of currency for illegal activities like terrorism, accumulation of black money generated by income that has not been declared to the tax authorities.
- 18. Aims and Features of Demonetization