Group A: Very Short Answer Questions
1. (2023 Fall Q. No. 1, 2022 Fall Q. No. 5, 2021 Spring Q. No. 6) Write any two features of business environment.
Answer: The features of business environment are:
Complex
Dynamic
2. (2023 Spring Q. No. 7, 2017 Fall Q. No. 1) Define Business environment.
Answer: Business environment refers to all the internal and external factors that influence a business activity. It includes everything around the business that can influence its success or failure. It includes components such as; organizational rules, regulations, culture, norms and values, and PESTLEG factors.
3. (2020 Fall Q. No. 1) Enlist the four components of task environment.
Answer: The components of the task environment are:
Customers
Suppliers
Competitors
Financial Institution
Marketing Intermediaries
4. (2019 Spring Q. No. 1) Define task environment.
Answer: The task environment includes the specific factors that directly affect a business, such as customers, suppliers, competitors, and distributors. These elements influence how the business operates and its ability to succeed in the market.
5. (2019 Spring Q. No. 4) Outline the methods of environmental scanning.
Answer: The major techniques/ methods of environmental scanning are:
I. Executive opinion method
ii. Expert opinion method
iii. Delphi method
iv. SWOT analysis
6. (2019 Fall Q. No. 8, 2018 Spring Q. No. 1) Define environmental scanning.
Environmental scanning is the process of collecting and analyzing information about external factors that can impact an organization. It helps businesses identify opportunities and threats in their environment to make better decisions.
7. What are the types of environmental scanning?
Answer: The types of environmental scanning are:
I. Centralized scanning
ii. Comprehensive planning
8. Enlist four importance of business environment to organizations.
Answer: The four importance of business environment to organizations are:
i. Adaptation
ii. Strategic orientation
iii. Risk Management
iv. Identifying opportunities and risks.
9. Mention the process of environmental scanning.
Answer: The process of environmental scanning are:
i. Study the forces and nature of the environment
ii. Determine the sources of information
iii. Determine the approach of environmental scanning
iv. Scan and assess the trend
10. Enlist the process of business environmental analysis.
Answer: The process of business environmental analysis are:
i. Scanning
ii. Monitoring
iii. Forecasting
iv. Assessment
11. What are the components of the internal environment?
Answer: The components of the internal environment are:
i. Organizational goals and policies
ii. Organizational resources
iii. Organizational structure
iv. Organizational culture
12. Enlist the components of the general environment.
Answer: The following components of the general environment are as follows:
i. Political Environment
ii. Economical Environment
iii. Socio-Cultural Environment
iv. Technological Environment
v. Legal Environment
13. What do you mean by general environment?
Answer: The general environment refers to the factors that are broad and affect the industries and the firms competing with each other. The general environment should be scanned, monitored, forecasted, and assessed to recognize and evaluate opportunities and threats.
Group B: Descriptive Answer Questions [10 Marks]
15. (2023 Fall Q. No. 11) Explain the process of environmental analysis with relevant examples. – Answer (Click Here)
16. (2023 Spring Q. No. 11) What is Environmental Analysis? How does this information is useful to the strategy formulation process for business? – Answer (Click Here)
17. (2022 Fall Q. No. 11) What is business environment? How does this environment analysis use in strategic management process? – Answer (Click Here)
18. (2021 Spring Q. No. 16) After endorsement of the MCC by Nepal Government, how do you evaluate its impact to the businesses in Nepal? Justify your answer. – Answer (Click Here)
19. (2020 Fall Q. No. 11, 2019 Fall Q. No. 11) Define the business environment and briefly state the changing business environment in Nepal. – Answer (Click Here)
20. (2019 Spring Q. No. 11) What is business environment? Explain the significance of understanding business environment to the business environment to the organizations in context of Nepal. – Answer (Click Here)
21. (2018 Spring Q. No. 11) Define business environment. Explain how the general environment components of the business. – Answer (Click Here)
22. (2018 Fall Q. No. 12) “The operating environment has more immediate effects on the growth and development of a business.” Justify. – Answer (Click Here)
23. (2017 Fall Q. No. 11) Nepalese Business Environment is getting more and more turbulent. Clarify with examples on how business environmental factors can influence our business. – Answer (Click Here)
Click Here: Business Environment in Nepal Questions With Answers