Business Environment project class 12 cbse

PROJECT WORK IN THE SUBJECT OF BUSINESS STUDIES ON THE TOPIC "BUSINESS ENVIRONMENT" AS THE PARTIAL FULFILLMENT OF AISSCE, MARCH 2018 CONDUCTED BY CBSE.
This project contains the information regarding the accountancy project which is to be made by the students of class 12th boards... This project is made by jigar vaishnav for the session 2017-18 with the latest guidelines as per CBSE... Hope this will help the upcoming students who want a help regarding the business studies project....

VIEW THIS PROJECT AT YOUTUBE:- https://www.youtube.com/edit?o=U&video_id=V7b6VQQrjsg

2. DELHI PUBLIC SCHOOL

RAJKOT

CERTIFICATE

This is to certify that
of XIl-commerce has satisfactorily completed his/her

“BUSINESS ENVIRONMENT” under my guidance for the
| academic year 2017-18 as the partial fulfillment of AISSCE,
March-2018 conducted by CBSE.

Internal School stamp. External
Examiner Examiner
(Ravi Kariya)

3. SANO, Tile/Topie
1 [Meaning of business environment
2 [Features of business environment
3 | Importance of business environment
4 [Economical environment
5 | Aspects of Economical environment
6 |Examples of Economical environment
7 [Social environment
8 | Aspects of Social environment
5 | Examples of Social environment
10 | Political environment
11 | Aspects of Political environment
12 | Examples of Political environment
13__| Legal environment
14 |Aspects of Legal environment
15 |Examples of Legal environment
36 |Technological environment
17 | Aspects of Technological environment
18 |Examples of Technological environment

19

Remarks

4. INTRODUCTIONOFBUSINESSENVIRONMENT

=> Meaning of business environment

Business environment can be defined as "the fares,
factors and wnstitutions ch which the businessman
has Lo deal with Lo achiee db oWeckves-”

Whenever any businessman 5 operating or wording hen
he has to énteact wih the customers, suppliers ard
he has Lo perform the Lrarsactons within the rules
And Hepulations y te Government.

BUSINESS ENVIRONMENT

5. 1- Al te external textes *- Business Environment
includes all the forces, irstitutions and factors which
olerechy on aolixectly attect the business oAganisatin.

+ specihic. and general taxces*- Business envixonment
includes specitic. farces such as tavestars, Customers ,
Compeletara and duppliers » Non - human an general
Tarnces ane social, degal, technological, political, eke .,
which. attect the business inolixectty -

Inter- relation :- AU the forces and factors of
business envinonment are dater-selated do each
Other : fax example, with crclination 04 youth tarots
western Culture , the demand tar fast food à aang.

Uncertainty += Hb vow clticult to predlict the
Changes of business environment. As Environmene
À chan gig veg fast for example TT, fashion

Inolustry di undergoug fast and treguent Changes.

6. 5: Dynamic :- Business environment à highly
Flexible and kesp changing + It < not static
ox supedl that tb bg à essential Lo
monitar and scan the business Environment :

6- Complex := [tab very obitt Cot le endostard
¿e impact of business environment on the Corpartes
Alltough it à Cay ta Stan the environment dut ta
Vow dithoult Lo brow these Changes will influence
Ao business olecinions: or example, achange cr

Govewment policy % incrsase che x rate
ysr may affect the ¿come oY Company
by a Large amount:

7. 1- Enables the him Ap identity the threats and early
warning Ségnal *= The businessmen ho are able to
4027 and understand the business environment on.
Aime Get a warning Asgnal Lo deol with the
Constrainds of business environment - Timely starring
and qualitative tntarmation ane taken as (aria
gral and timely actions Qlarcclrig Lo +£ are then.

2 Enabdes the tit do identity opportunities and
defing fist Mover advantage :- The businessman
oho Stan the opportunities 9) business enuxoomert
carly stage Can get marimum benitt te opte. market.
Fox example , Mark: Les the forse Ompany La
Hecognise the need Tar sma Qs 22 an
Environment of rusty Pebol prices ard large
micelle class population à India so hey become
the Leader in the dmall car market ci India.

8. 3: Helptul ax Lapping and asser bling Hesowt ces: -
Bustnewmen have Lo supply the goads Lo market
according ts the demand cr market: To supply
output they need input, Haw materials, ete + They
ace Naw materials And other resources keging
th mind the adput demanded tn the enviroment.
Far example , ih the demand y LED, 30 Tv. ete.
Manufacturers One Collecting Hésounces Necessary
Lo manufacture LED and 30 Tv, Stather than
Collecting resources g black and white Tv eke

u. Help Lo Adtrust and adapt with the rapid Charges:
awe taking place Fast and
ne ee.
at &3 essential Lo understand these Charges as
Carly as Possible - Business envixonment
Sani hela the companies to san and
understand these changes with eniionnent
Sang. Theretare eninonmert scaming
helps <2 Coping ik the rapid Changes.

9. 5. puisting in planning and policy making :- The
major dbretezies ox plans and policies ca the
Organisation are formed keepig in mind
business environment because the policies and
strategies have fo be implemented ta the presence
of environmental factors - bo, these must be made
hesping à mind the environmental factors -
Scanning of envéxonmental factors hetas » finding
Cut the opportunities o business and atra topics
Can be made to pub these opportunities + far
example, Cn SCaming the hdian business environment
we find there à a great Scope fan tourism
Industry cr Our Company. 6e, busineiómen arte
Planning stratezias to grab these oppartunities -

10. 9 =
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a
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11. Dimensions Of business environment mean all the
Factors, forces and estitetions which have
direct ox indirect da Huence over the business
Duansachons -

General environment is the most enpatdtant environment
of business Qs businessman Cannot rfluence or change
te components of ewironment Hater he has
to charge fis plans and policies accords pte
Changes taking place ch general environment.

12. ECONOMICAL

ENVIRONMENT

13. The economic Conditions g a nation eters to a set
gf economic factors that have a grant influence on
business wyeniuations and their operations - This include
Jus domestic product, per Capita income, toxegn
exchange se, strength ot Capital market, et-

AU business activities and operators that arte rta
tnlluenced by te etonomic policies trameo Ny the
povoemnent bom Lime to Lime: Some y the Economie
policies ane :-

7 Industrial policy ? Fiscal policy
? Monetary policy Exped: Import policy, ete

14. The economic. environment factors have immediate and

direct impact on the businessman do businessman must Scan

the Economic environment and tale timely actions to deal
with bese erixonmedts. Alter thenec) economie policy of
1991, Lot of opportunities ane offered La businessmen:
These envéronmeré may put Constiairts and may offer
opportunities to the businesman-

1: Role of private and public sector

2: Rate of growth of ROP, GNP, per pita income
3. Rate of Saving and investment

4. Balance of trade

5. Balance of payment

6. Transport and Communication System
% Money Supply in the Economy

3. Intematibnal debe

15. 1- Rate of Gotowt of Gor

As shown ta the Above bar graph Hate o gross
domestic product C&DP) of the Country tncraesing
over Lhe years - GDP à an important espect For a
County When GOP nOs per Capita income
aciense; - Asa Seul purchasing powcr of Lhe.
people <rcrenses and Corresponding Lo that demand
demand of the foods ado increases whith &
ultimate, a benthiciaty fon business organisation
So, Increase in Gp gy the Country shows development
and Facilitates the business and growth of the Enomg-
Whereas decease in Gop attechı adversely La

te business and Show des growth ard development:

16. 2. Balance of Payment :-

|

Balante of Payment shows the impar and exportés
Q goods and écrites done by Be Country - try
Charge cr balance Y payment afteckı Le businessman
vrvoled tn the business of <mport -eapart- H the
Aaregn Counties On dhe aber hand el the exparts
anortises it mazas tat we are in Luplus
situation and other countries are depend

on us for the Supply

17. Various financial sector nefatms were made
after new Economic Poly 1991 %-
> Role of REZ was Changed Prom ‘Repalatar'
do ‘facildedar’.
> Cah nesoue tak CORR) and statedaey diguiclity
Hatin (ste) were Meduced to increase the
money supply tr Lhe market
= Ron «NV ment dimit 103 Haised and mode
allow Lo ¿nvest sn indian financial market
tna Abuct Gridelines of Heserve Bark of India CRE).

Asa result there vas a positive impact
on the economy ey India-

18. 4. Demonetisaton of Indian Soo
Rupees CuWrency notes *-

in Le business, the demonetisation ey fs 500

and 1000 Rs. notes Hecently hit the indlian
adversely As it nesbuch the business Liansactkon
which affects the purchase and sell y goods
and services: Due to tis Hetad business
market was aduensely attectecl and

demand of the Products wert down due to
unavailability ox shortage of Luererey nates:

19. SOCIAL

ENVIRONMENT

20. The soul envixonment of the business includes
Aocial factor Abe customs, rai lionel values,
Aebiets poverty education Level, flandard of tiva,
and taste and preference; etc. The docal
atucture and the values that a society cherishes
have acosiderable influence on the funchioning
of business fitms . The businessman may not
overlook the Components Y social Cnvinonmaz
as bese Components may have Long period impact
on fre business but e the Lory Kun Be

social ewrronmert has great impact on be
business Forms -

21. 1. Quality of Lite

2
2

4
5:

6.
ES
- Tradition , Customs and habits of peple.

€

> Importance on place of women à Woukfrce
- Birk and deat rates
Attitude of Customers towards innovation , bieskyle at.

. Education and Literacy sabes

+ Consumption habits
Population

22. 1- Change sn Clothing style of the people ==

In today s world due to Harel changes Lakıng place
tr tashion Lrends, people are Changing Lak diles byle
Aapielly + In olden days people used to wear a
Park cular clothes Far Long period of Ame:

So, while Comparirg the Clothıng sytem ve Can Sry that
people have started getting allraeted to western cotes
ly gig up ben Dudbonal indes jo box iy reat
opportunity ter busineuman ta eloung business of western
Clothes.

23. These food <hclules many healthy food dema used
Là Olden days: As people aregeltas Atracted Lo
western aullare they ane also getting attracted Lo
tast-food and have demersal the Consumption of
Baditional food: So, Lrere La | great demand Br
Fast pool and opportunities ter businessman.
Due do de Heady and Cheap availability nowadays
bese Pos que berg produced widely bemuse
oy the wo demand

24. 3: Importance Or place

yf einen en Work fHCe :-

Equity for Loomen Ant a doomen’s Asse: when women

Aulklls their potential, exereyone benifits + Eaclien
women se do Lark en houses as housewetes but
due to Aight hicant Changes <> the Joual envéronm ert
Aomen have become the part of worktarce : This
has abo giver Hise Lo amer Onpswerment whith
means girng equal dtatis to men and coomen
da the society: Eguity also mars no deioeiminatten
On account 05 sex, Heligron, language, Caste ,
belief ox nakonakty.

25. A Literacy Mates in India :-
Literacy rate: 1951-2011

ten ern
par
LA

53885833388

CENSUS YEAR

1951

2011

Literacy Hate tr India ts a hey far socia -
Economic progress. As shown tr the above graph
peoples cdeology have Changed and they have
started eolucating thein Children and especially
the gud Child - Due to Change de Social environment
diteracy Sate Qmourg male anol female have
¿ntremsed Significantly as shown cr the Above

PEPA our he gens.

26. POLITICAL

ENVIRONMENT

27. Political environment: E

political envixonment Consists of all the factors related
Le government atlairs such as type Y gouernmentin power,
abitude Y government towards ditterort group of
docéekies, polity changes implemented by diffenent
Jorrmments, ete: The political Entironment has
tmmediate and great impact on business brensaciós.
do businessman. must Scan this environment very
Canetully: The burinesmen has Lo make Changes

<a has organisation altardıng Lo the charging
factor y political envinonment -

|

H deffigeracy"=

“politics?
president es ES rn
u ge

28. Aspects of political environment:-

4: present political system.

2: Constitution of the Country.

3. profile of political headers.

+ Crovenment tntewention tr business.
5: Fareiza Policy of government.

6. Values and idedlogy Y political pastes.

29. Cumently , Modi goverment à cr power which

puts emphasis on more of foreign investment and
Toren Lode which creates wide range of
oppurtuncties or businesman doug tarea Late
Political Leaders meet varuous other political dexders
g Sie world do make better relahonshge cr
Ae of financial and economical- As a result

we Can Jay that there policies ARIS

may put constraint and may offer Oppesehunties
do the businessman:

30. 2+ Constitution of the Country:

Constitution ts the tramewark which defines
We fundamental political principles, extabtihing
Be structure, procedires power and deties
of government bodies and a Complete set of
Fundamental and duties ey the cite
the Constitckion Y han di dhe aupreme lace
Of ladra: So any charges tr the Canstitukon
of Lhe Country will afeck Le business
dreoty either cr favour 0% da against the

31. dr BIP :~ It stands far Bhartiya Janata par:
The BTP government promotes industualaation
at Large scale and Look fouvard far the oral
develpment of the Country. Hoteover they Supporés
the Hinde nakonalism.
GW) Congress 3= It stands far Indian Nation al Congress.
These Govermert promotes anaes of apriculture, Social -
democracy, seculariam, Gandhian Socialim and.
soual Liberalisation:
Wii) RAP += Ie-ötandı tar ham Aadmé party -
ldeology of AAP di demo Crate socialim and
Qnk- Coreption. They lack forward Ain he develpment
Qnd upliftment Y poor and normal people:

32. 4+ Swachha Bharat Abhiyan *-

>

swachit
BH

Making India Clean

The Campaign was ott tially Launched on 2 october,
204 at Rojphat. New Delhi, by prime minister

Warenclra Hode- Hi Indea's largest ever Cleantiness
cuve with 3 million government employees,
especially school and Olge student tram all
parda of India , park apatirg à the Campxgn.
# Quered an area Jar! statutory cities
and towns Ao Clean the Sbrech, "als and
ntbusbuciute of be Countrey - The
Compagn Hepresents the political tdeology
Ye 87P Goverment.

33. =
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34. Legal environment Constitutes the Laws and various

legislations parsed wi the Parliament The

businessman Cannot overlook the lepislationrs
because he has topertorm Aus business Lansactions

within be bramewark oy Legal Environment

The Important Lepalations that Concern business are: -
Ur Trade mark Act, 1991

(iit Essential Commodity Act, 2002

Wil) Consumer protectin Act, C Copra) , 1986

Civ) Companies Act , 4956-

Most of the time Legal environments puts
Constraints on the husinesman but sometimes Choy
Provide opportunites t the busines organisation.

35. Examples of legal environment:-

1- Various laws and Legislative acts -

2: Legal polecies Helated tp licensing

3. Legal policies Melatcd Lo foreign Late.

+ statutory wamig essential Lo be punted on lebe.
5: fareypn exchange Agulation and management Act:
6. Laws Lo keep a Check on advertisements.

Legal Environment of business

36. Aspects of legal environment:-

1. Censor Cordtiticale negucnement for movies ==

In Indıa it à Legally compulsory fan eur movies

do get pau through and get a Clearance tron
the Central board of fm Corkfrcation Ox
Censer hoard Certificate do get Kealeased eh the
moure cenema- These aultanitves provides
Corkfioale On the basis of different alas
Ake for Only Adults , for everyone, cé: they Con
cho ask for Cutting down Some scénes Oy do té
them whichare not duifabte © inapprepriate
do show te pubic. go film: makers Cannot Shoco
anything do people as legally Censor board dont
allaw lem do do do with heir peemision and
acceptance:

37. 2. Advertisement ofalchehot'c product à prohibited:

In India Aduerksemert of alchohoiic Pouch
à Prohibited ty the Maw because it
promotes negative habets And impression

En the People of the Society. 40 Lo tn Crease
the selling of their Product they use Various
techniques lite they advertise then product

a dome Prúvate channels ty showirg different
Product of the game brand - Maybe through
the popular shows 0% dy making aolvertiseret

dponsering Various games team matches,
ete-

38. 3. Statutory Wernirgesental do be Pranted on label :-

| Smoking causes |
throat cancer

In ina tt ts Legally Compuliory Lo print the
Ath warning on tobacco product cu

te We ank- Social Product, and Can prod
Lo be inzwusus Ton the Health of the Consumo:
The government proposed the Larger taarning
Size that Covers 85% of the front and back
of the packet oh ttatutary warning.

The Lager dize ey warnings were initially
Scheduled Lo come inte effect on 1° April 2ols-

39. Ly. Labelling of Veg. and Non - Vey: Foods :-

OD

package food Products that are been Sold cr
India are Steguined fo be Labelled wa
Mandalarıy mark o order Lo distin gucsh betwen
vegetarian And Non- Vegetataan- The green
<ymbol on product shows the vyetarian food
The red Aymbol cn products shows the Von -
Ugetarian food. the government allaus La put
either y te Aymbol of Veg ov Non- vez accord
do the Content of food. To Satejuard the
Interest and the sentinerts of Lhe people, a
Hood Lable must have the dent Cation mark
“Ug or Won- vez” Acta Kaley do the Content
and category of trad

40. TECHNOLOGICAL

ENVIRONMENT

41. Technological environment éters Lo charges
Aaking place un the method y Production ‚use of
New eguprent And machineries to improve the
quality qy product. The businessman must Clos ely
monitor de Lechnological Changes Zakırg place
u this industry because he will have Lo implement
Arese Changes Lo Hemaa tr the. Competitive market.
Technological Environment clalays ting: Changes
0 quality ¿mprarment and ten it benifits
mane ts the Customers- Nowadays. trdact
no tin Can attard £8 persist with the outdated
Zechnologees At business has to adopt the

technological Changes Boom Line La 4me:

42. 1- Various canovations and inventons-
2. Scienttic improvemeds-

3- Development à IT sectar-

4 Import and export of technology.

5- Technologital advances cr Computers.
©: Online booking of tickets .

43. 1: Change thtixming methods :-

Earlier farmer Useel Lo have bullocks tr the farm

for various purposes but atter new technoleg (tat

advancement now we have Lactars tr tered:
H provided helvel Lo thedarmer asthuir WR

got easy, Simplihed Gnd faster Haba gave businessman

an opportunity to bopand business of Lractors
and other modern tating upmerb -

44. 2- Early water supply and present water supply

Eanlien, women had to TAN. Lo
Lo gel water bat now a

Zo techno logical
advantement pipelines provide every houses
wilh water: So People don't have to walk
for water - Also business for Tapes, Shower,
Wath - basin , ete has intense which Cxeales
wider opportunites Tan the businessmen
wrvelver da this business.

45. 3. Changes dr photo Copier and xerox machines =

Earlier punters Could only punt black Anal
tdkite photo due La aval lability 9 Only black
dk: And no Color put were offered hy pantera:
Hoxeoover machine ued Lo be deftccult Lo operate
But nowadays due Lo technologital advancement
modern printers offen both black and white
Grol Colour Meint as weil + Moreover He overall
efficiency 9j Printers 14 dncremed which does work faster
Han oldone Also operating has become Cary $ smooth: