Assertion and Reason Type Questions on Business Environment | Business Studies Class 12

Assertion and Reasoning Based Questions:

In each of the questions given below, there are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below:

A. Both A and R are true and R is the correct explanation of A.

B. Both A and R are true but R is not the correct explanation of A.

C. A is true but R is false.

D. A is false but R is true.

E. Both A and R are false.

1. Assertion: Business environment differs from region to region.

Reason: Business environment is relative. 

2. Assertion: Business environment keeps on changing. 

Reason: Business environment is relative. 

3. Assertion: Specific forces affect the whole industry and affect an individual firm indirectly.

Reason: Specific forces include customers, suppliers, investors etc.

4. Assertion: Business Environment is complex.

Reason: It is relatively easier to understand in its totality but difficult to grasp in parts. 

5. Assertion: Understanding of the business environment helps the firm in getting a first mover advantage.

Reason: Understanding the business environment helps in adapting to the changes taking place. 

6. Assertion: Understanding of the business environment helps the firm in getting early warning signals.

Reason: Understanding of the business environment helps the firm in identification of threats. 

Try the above questions ⬆️ (Assertion and reason type) and share your answers. You can find out the correct answers in the comment section.