12th Class Business Studies Business Environment Question Bank Case Based MCQs - Business Environment

  • question_answer
    Direction (6-10): Read the following text and answer question numbers on the basis of the same. The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine Free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalised on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.                                          (CBSE QB 2021)
    In the context of the above given case, identify one valid importance of Business Environment.

    A) Enables a firm to identify opportunities and getting first mover advantage

    B) Uncertainty

    C) Delay in action

    D) Pervasive function

    Correct Answer: A

    Solution :

    [a]


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