Therefore, the Reserve Bank of India is an important regulatory and administrative body for the implementation of FEMA regulations as it has monetary authority and holds currencies safely. The Reserve Bank of India has the necessary expertise in the administration of FEMA. 25. Advertising in the UK must be legal, decent, honest and ___ All the options listed are part of an organisation`s marketing environment. There are consumer courts to file complaints against traders and companies that have supplied fake or defective products or provided late service or worse.5 The marketing function is part of an organization`s internal environment. True or false? The business environment helps determine different business opportunities, resources, and also helps create plans for the growth of the organization. 19. What is the general term for a group or individual who can influence or is affected by the activities of an organization? Do you think you know everything about the environment and market analysis? Play this quiz and test your understanding of strategic marketing analysis. Marketing environmental analysis refers to a marketing analysis tool that helps identify environmental factors, including internal and external, that affect businesses. If you want to test your knowledge of the same, you can take this quiz and your score will show how up-to-date you are with market trends. Good luck! Below are some of the multiple choice questions and answers of the business environment that will help students refresh their understanding of the concept of the business environment.
This includes washing, rinsing, sorting, storing, packaging, temperature control and daily or even hourly controls of shelf life quality. Disruptions to cold chain integrity can wipe out the gains of an entire season. Weaknesses are internal factors that marketers want to minimize Organize the following legal regulations in India in chronological order from first to last. e. political, regulatory, economic, social, technological, competitive, organizational, market-related statements Below are two statements, one marked as Claim (A) and the other as Reason (R). Read the instructions and choose the correct answer using the code below. The business environment is the sum of all the internal and external factors that affect the business. These are the set of people and organizations that may or may not be under the control of the organization, but can have a greater impact on the organization`s performance, growth, profitability and, in some cases, survival. Claim (A): The Reserve Bank of India is a key regulatory and administrative body for the implementation of FEMA regulations.
10. When analyzing the marketing environment, which heading should include increasing the company`s brand value? 14. What are the two elements that are part of the internal environment in a SWOT analysis? 22. In a SWOT analysis, ___ are external environmental trends that may be beneficial to the organization concerned. Claim (A): Consumers must be legally protected from certain business practices and business methods. The Consumer Protection Act, 2018 replaced the Consumer Protection Act in which of the years indicated? The internal environment includes factors that cannot be controlled by the organization The components of a business environment can be the media, customers, government, economic conditions, suppliers, competitors, etc. There are two types of environments in the enterprise environment called micro environment and macro environment. Choose the correct answer from the following options: 13. The population of the United Kingdom is ageing. This trend would be identified as part of which PRESTCOM environment? 18. What do the three Cs of international marketing environmental review mean? The exchange rate refers to foreign currencies and includes:.
There are basically three types of consumer goods. They can literally be consumed, as with food and drink. 13 million Most other soft drinks are close competitors to Coca-Cola, but Pepsi would be classified as a competitor ____. 21. A SWOT analysis is used to analyze the current ___ of an organization. B. Freedom of industry, commerce and economy from undesirable restrictions The third type of consumer goods is a product that is used and no longer needed, intended for a purpose or wears out under normal use, such as socks, paper plates and light bulbs. 3. National Commission for Consumer Disputes -. 2.
Luxembourg is a member of the European Union. True or false?. Reason (A): As a monetary authority and currency custodian, the Reserve Bank of India has the necessary expertise of the FEMA administration. The commodity that does not disappear after a single act of consumption is “A consumer court cannot force a person who engages in misleading advertising to confess its cessation” The Consumer Protection Act of 1986 is one of the benevolent social laws designed to protect the large number of consumers from exploitation. Therefore, A) and R) are correct and R) is the correct explanation of A). In India, the legally recognized intellectual property rights are: Reason (R): Protection by market forces and caveat emptor are not enough, because a perfectly competitive market is an economist`s dream and consumer sovereignty is a myth. Classify List I items with List II items and choose the correct combination code: The Competition Act 2002 was enacted by the Indian Parliament and replaced the Monopolies and Restrictive Business Practices Act, 1969.