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Business Studies · 2025 · 3 marks
CBSE 2025 · Region 7 · Set 1 · Q21
(a) State any three points of importance of business environment.
(a)
State any three points of importance of business
environment.
OR
(b)
State any three features of demonetisation.
Marking-scheme solution
Importance of business environment are:
1. It enables the firm to identify opportunities early and get the first
mover advantage and be the first to exploit them instead of
losing them to competitors.
2. Environmental awareness helps the firm to identify threats and
serve as early warning signals.
3. Understanding business environment enables the enterprise in
tapping useful resources so that it can convert those resources
into outputs that the environment desires.
4. It helps the managers in coping with rapid changes by
understanding and examining the dynamic environment and
developing suitable courses of action.
5. It helps in assisting in planning and policy formulation by
understanding and analysing the environment which becomes
the basis for deciding the future course of action (planning) or
framing guidelines for decision making (policy).
6. It helps in improving performance in present and future as
enterprises continuously monitor their environment and adopt
suitable business practices.
OR
Features of demonetisation are:
(i)
Demonetisation is viewed as a tax administration measure and
people with black money had to declare their unaccounted wealth and
pay taxes at a penalty rate.
(ii)
Demonetisation is also interpreted as a shift on the part of the
government indicating that tax evasion will no longer be tolerated or
accepted.
(iii)
Demonetisation led to tax administration channelizing savings
into the formal financial system.
(iv)
It creates a less-cash or cash-lite economy, thus improves tax
compliance.
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CBSE Class 12 Business Studies past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.