✓ Board-verified
Business Studies · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 1 · Q6
Hitesh and Reena are entrepreneurs. They noticed that every year in the months of November and December, Delhi, the capital city of India, witnesses…
Hitesh and Reena are entrepreneurs. They noticed that
every year in the months of November and December,
Delhi, the capital city of India, witnesses poor air quality
and rise in pollution levels. They also observed that
nowadays people are more concerned about quality of life.
Sensing the need, they were the first to bring into the
market a new ‘Anti-Pollution W-$\displaystyle 98$ Mask’ which was not
only helpful in combating the pollution but also in
increasing the life expectancy of people.
Their venture saw a massive success as there was no
competitor.
From the following, identify the importance of Business
Environment highlighted above:
Official answer
(D)
Business Environment enables the firm to identify the opportunities and in getting the first mover advantage.
Marking-scheme solution
(d)
Business Environment enables the firm to identify the
opportunities and in getting the first mover advantage.
More from Business Environment
- Read the following statements: Assertion and Reason (R). Assertion: General forces such as social, political, legal and technological conditions…2026
- Plastic utensils are often used as a low cost, convenient option for business or personal use. These utensils are lightweight, easy to transport and…2023
- The top management of a smartphone manufacturing company recently observed that the government has ordered new safety standards for batteries used in…2026
- Samaira and her friend, Sana wanted to watch a movie over the weekend. They booked the movie tickets online and chose the seats as per their…2024
- ‘SK Builders’ became the market leader in the designer house segment as it was the first to recognize the need of using Artificial Intelligence in…2024
- Read the following statements carefully: Statement I: Business environment includes both specific and general forces. Statement II: Specific forces…2026
- As per Plastic Waste Management Rule 2022, single use plastic items were prohibited in Delhi from 1st July, 2022. The dimension of business…2024
- Identify and explain the dimension of business environment in each of the following situations: (i) 'Alexa pay my electricity bill' is the latest…2025
CBSE Class 12 Business Studies past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.