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DRIVE
SUMMER
2015
PROGRAM
BBA
SEMESTER
I
SUBJECT
CODE & NAME
BBA
103-BUSINESS ENVIRONMENT
Qus:1
Discuss the role of economic environment in business.
·
Economic
environment
Answer:
Economic
environment:
The economic
environment consists of factors that affect consumer purchasing power and
spending patterns. Economic factors include business cycles, inflation,
unemployment, interest rates, and income. Changes in major economic variables
have a significant impact on the marketplace. Any „
Qus:2
How are business and society related? What is the effect of society on
business?
·
Business
and society
·
Effect
of society on business
Answer:
Business
and society:
Today the whole society
is considered the business environment. Three significant ideas are important
that relate society to business.
(i)
Values: Each business
organization develops certain beliefs, systems and values for which they stand
Qus:3
What is a mixed economy? Discuss the merits and demerits of mixed economy.
·
Mixed
economy
·
Merits
·
demerits
Answer:
Mixed
economy:
A mixed economy
is an economy which combines the elements of both the capitalist and the
socialist economies. The following are the features of mixed economy:
a)
Coexistence of
public and private sectors: Public sector is that part of the economy which is
operated and managed by the government. It includes industries in the
infrastructure and strategic sectors
Qus:4
Explain the role of industrial policy and write a note on industrial policy
1980.
·
Meaning
·
Industrial
policy 1980
Answer:
Meaning:
Industrial
Policy refers to the policies governing business. As India moved from a
dominant role of public sector to a more open and globalized environment, the
role of the private sector in business increased. The
Qus:5
What is Privatization? Explain the inefficiencies prevailing in public sector
enterprises.
·
Meaning
·
Inefficiencies
Answer:
Meaning:
Privatization refers to
transfer of ownership of public sector enterprises from the government to the
private sector. In a broader sense, it is the induction of private control and
management in the public sector units. The process of privatization started
first in the UK and the USA during 1980s. The UK, under the leadership of Mrs.
Thatcher, became the supporter of privatization. It set in motion the programme
of privatization of State run enterprises by transferring British Airways to
private
Qus:6
Write short notes on:
a)
Free Trade area
b)
Common market
Meaning
and examples of FTA:
If a group of countries
agrees to abolish all trade restrictions and barriers and charge very low rates
of tariffs among them in carrying out international trade, such a group is
called „free trade area‟. These countries impose trade barriers with regard to
trade with the countries other than the member countries
Get fully solved assignment. Buy online from website
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or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
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125/subject and rs 625/semester only.
if urgent then call us on 08791490301, 08273413412
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