Skip to content

Mr. Vivek is… (Class 12 Business Studies SQP 2023-24, Q14)

questionbuddy.in/q/cbse-12-business-studies-2023-24-sqp-q14-vivek-working-general-manager-oshin

Business StudiesCBSE Class 12 · Sample paper, session 2023-24 · 1 mark · MCQ

CBSE Class 12 Business Studies sample paper 2023-24: question 14

From the official CBSE sample question paper for 2023-24, section A, question 14, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q14 · 1 mark · MCQCompetency-basedBusiness Environment

Mr. Vivek is working as the General Manager of Oshin Hotels Ltd. Mr. Vivek observed that Government was taking a special interest in the Tourism industry as this sector is an important source of foreign exchange and employment promotion. On the basis of this news, the company decided to set up hotels at several tourist places. Oshin Hotels Ltd. established 50 hotels before other companies considered this issue. Very soon, this brand Oshin Hotels Ltd. became well known in the market. Identify the importance of business environment described here.

  1. (A)It enables the firm to identify opportunities and getting the first mover advantage.
  2. (B)It helps the firm to identify threats and early warning signals.
  3. (C)It helps in tapping useful resources.
  4. (D)It helps in improving performance.

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2023-24.

Hints

Open one hint at a time and try again before the next.

Hint 1

Was the news an opportunity or a threat?

Hint 2

Who acted first?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Oshin spotted the government's interest in tourism early and set up 50 hotels before others.

  2. Early identification of an opportunity let it gain the first mover advantage. Option (A).

    1 mark

Answer: (A) It enables the firm to identify opportunities and getting the first mover advantage.

Where the marks are

  • First mover advantage (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Business Environment, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2023-24: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.