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What is the purpose of business beyond earning profits?
What is the purpose of business beyond earning profits?
- Maximizing shareholder wealth, minimizing costs, and expanding market share
- Supplying goods and services, creating job opportunities, and contributing to economic growth (correct)
- Securing government contracts, lobbying for policy changes, and acquiring competitors
- Achieving social recognition, promoting cultural diversity, and ensuring environmental sustainability
What does an environmental analysis aim to identify?
What does an environmental analysis aim to identify?
- Competitor strategies and market trends
- Internal and external factors affecting a company's success (correct)
- Government regulations and legal requirements
- Customer preferences and technological advancements
How does Mr. Dharamvir Kamboj define the business environment?
How does Mr. Dharamvir Kamboj define the business environment?
- The institution in society responsible for economic growth and job creation
- The surroundings of a company, including the market and non-market factors
- The economic and non-economic aspects influencing business operations
- The universe minus the organization, representing the local, national, and international factors (correct)
What are the two main categories of business environment mentioned in the text?
What are the two main categories of business environment mentioned in the text?
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What does the text identify as the components of an environmental analysis?
What does the text identify as the components of an environmental analysis?
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What are the purposes of business mentioned in the text?
What are the purposes of business mentioned in the text?
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What does an environmental analysis aim to identify?
What does an environmental analysis aim to identify?
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How does Mr. Dharamvir Kamboj define the business environment?
How does Mr. Dharamvir Kamboj define the business environment?
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What are the two main categories of business environment mentioned in the text?
What are the two main categories of business environment mentioned in the text?
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What is the significance of environmental analysis according to the text?
What is the significance of environmental analysis according to the text?
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