Business Environment Case Study-Business Studies

Business Environment Case Study

Read the following text and answer the following questions 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 capitalized 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.

In the context of the above-given case, identify one valid importance of Business Environment.

Question 1

a) Enables a firm to identify opportunities and getting first mover advantage
b) Uncertainty
c) Delay in action
d) Pervasive function

Question 2

Identify the feature of Business Environment which The Coca-Cola Company managed to get in their favour.

a) Complex
b) Specific and general forces
c) Futuristic
d) Mental Exercise

Question 3

Which business environment did Coca-Cola majorly tap into?

a) Technological Environment
b) Social Environment
c) Political Environment
d) Economic Environment

Question 4

Which of the following is not a product of COCA-COLA?

a) Diet Coke Caffeine-free
b) Coca-Cola Zero Sugar
c) Coca-Cola Avocado
d) Coca-Cola Cherry

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