Business environment of Class 12th.

1. (BUSINESS ENVIRONMENT)

2.  It refers to the negative changes that occurred in the
business environment and hindered the performance
of an organization.

3.  S-SPECIFIC FORCE
 U-UNCERTAINTY
 R-RELATIVITY
 E-TOTALITY OF EXTERNAL FORCE
 C-COMPLEXITY
 I-INTERRELATEDNESS
 D-DYNAMIC NATURE

4. R-TAPPING USEFUL RESOURCES
P-ASSISTING IN PLANNING
AND LATIONPOLICY FORMULATION
F-FIRST MOVER ADVANTAGE
P-IMPROVEMENT IN PERFORMANCE
W- WARNING SIGNAL
C-COPPING WITH RAPID CHANGES

6. Objectives of Business
Policies of Business
Production of capacity
Production Methods
Management information system(MIS)
Participation in management
Composition of Board of directors
Managerial Attitude
Organisational structure
Features of Human resources,etc

7.  It refers to all those factors which influence business
,exists outside the and business hoas no control over
these factors.
 External environment can be divided into two parts:

8. Micro environment

9.  SOCIAL ENVIRONMENT
 LEGAL ENVIRONMENT
 ECONOMIC ENVIRONMENT
 POLITICAL ENVIRONMENT
 TECHNOLOGICAL ENVIRONMENT
Macro environment

11.  J-THE JUDGEMENT OF COURTS
 A-THE ACTS BY GOVERNMENT
 D-THE DECISION TAKEN BY COMMISSION
AND AGENCY

12.  Consumer protection act,1986
 Competition act,2002
 Essential commodities act ,2002
 Payment gratuity act,1972
 Trade marks act,1999
 Bureau of indian standards act,1986