1.

The business environment is a marketing term and refers to factors and forces that affect a firm's
ability to build and maintain successful customer relationships. 
2.MRTP-MONOPOLIES AND RESTRICTIVE TRADE PRACTICES
SEBI-Securities and Exchange Board of India.
3.A Bear is a speculator, who anticipates fall in the price of securities. He sells- securities for future
delivery.
4.Privatization is the process of transferring an enterprise or industry from the public sector to the
private sector. 
5.Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and
moral or ethical problems that can arise in a business environment. 
6.Micro Environment is the immediate small-scale environment of an organism or a part of an organism,
especially as a distinct part of a larger environment.
7.Technological environment refers to the state of science and technology in the country and related
aspects such as rate of technological progress, institutional arrangements for development and
application of new technology, etc.
8.Liberalization is any process whereby a state lifts restrictions on some private individual activities.
Liberalization occurs when something which used to be banned is no longer banned, or when
government regulations are relaxed. 
9.Main components of a sociocultural system:
1. economic system
2. political organization
3. social structure
4. belief system
5. arts and leisure
10.The main objectives of SEBI are:
(1) Regulation of Stock Exchanges:
(2) Protection to the Investors.
11.DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and
personal products under one roof.
12.Economic planning is a mechanism for the allocation of resources between and within organizations
which is held in contrast to the market mechanism. 
13.Important characteristics of a business:
Economic activity
Buying and selling
Continuous process
Profit motive
14.SWOT analysis is a strategic planning technique used to help a person or organization identify
strengths, weaknesses, opportunities, and threats related to business competition or project planning. 
15.Per capita income (PCI) or average income measures the average income earned per person in a
given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's
total income by its total population.
16.Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor
and influence a nation's economy.
17.Socialism is the political idea that is based on the belief that all people are equal and that money and
property should be equally divided.
18.A social audit is a formal review of a company's endeavors, procedures, and code of conduct
regarding social responsibility and the company's impact on society. 
19.The main features of technological environment are as follows :
Technological environment is a component of macro or indirect action environment.
Technological environment changes very fast.
Technological environment affects the manner in which the resources of the economy are converted
into output.
Technological environment is self reinforcing. An invention in one place leads to a sequence of
inventions in other places.
20.The balance of payments, also known as balance of international payments and abbreviated B.O.P. or
BoP, of a country is the record of all economic transactions between the residents of the country and the
rest of the world in a particular period of time.
21.Business is buying and selling as a way of earning money; commerce.
22.National income is the total amount of money earned within a country.
23.The laws which are passed by the government for business operation is called legal
environment.These regulations of government are considered as legal environment.
24.Culture is the customs, ideas, beliefs, etc. of a particular society, country, etc.
25.Social Responsibility of a Business
It is the idea that businesses should balance profit-making activities with activities that benefit society; it
involves developing businesses with a positive relationship with the society in which they operate.
26.LPG -liberalisation privatisation globalisation .
27.Environment is the conditions in which you live, work, etc.
28.Environmental analysis is a strategic tool. It is a process to identify all the external and internal
elements, which can affect the organization’s performance.
29.Monetary policy is the macroeconomic policy laid down by the central bank. It involves management
of money supply and interest rate and is the demand side economic policy used by the government of a
country to achieve macroeconomic objectives like inflation, consumption, growth and liquidity.
30.Capitalism is the economic system in which businesses are owned and run for profit by individuals
and not by the state.
31.A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least
one share of a company’s stock, which is known as equity.
32.Disadvantages of LPG Policy in India are-
a. Unhealthy MNC's Strategy to enter the emerging economy.
b. Interfernce in State's Sovereignty.
c. Removal of Import Quantitative Restriction.
d. Lower R&D Investment by MNC.
e. Import of Technology, know- how, key componenys.
f. Profit Maximisation.
g. Minimum transfer of technology.
h. Insignificant employment potentia
33.E-business is a company that does all or most of its transactions through the Internet.
34.State intervention in business are Regulatory actions taken by a government in order to affect or
interfere with decisions made by individuals ,groups or organizations regarding economic and social
matters.