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Questions and Answers
What is the primary focus of 2nd puc Business studies Chapter 1?
What is the primary focus of 2nd puc Business studies Chapter 1?
- Human resource management
- Financial accounting principles
- Business environment and organization (correct)
- Marketing strategies
Which of the following is not a key element of business environment?
Which of the following is not a key element of business environment?
- Financial statements (correct)
- Government policies
- Competitors
- Technological factors
What is the significance of understanding business environment for an organization?
What is the significance of understanding business environment for an organization?
- It allows the organization to remain unaware of competitor strategies
- It helps in ignoring market changes
- It assists in identifying opportunities and threats (correct)
- It helps in avoiding adaptation to technological advancements
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Study Notes
Business Environment
- The primary focus of 2nd PUC Business Studies Chapter 1 is the Business Environment.
Key Elements of Business Environment
- The key elements of Business Environment are: Internal Environment and External Environment.
Non-Key Elements of Business Environment
- The following is not a key element of Business Environment: Social Responsibility.
Significance of Understanding Business Environment
- Understanding the Business Environment is significant for an organization as it helps in identifying opportunities and threats, and enables the organization to adapt to changes in the environment.
- It also helps in formulating business strategies, making informed decisions, and achieving organizational goals.
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