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DRIVE-fall 2015
PROGRAM-BBA
SEMESTER-I
BK
ID-B1499
CREDIT-4
MARKS-60
Q1.
The External Analysis examines opportunities and threats that exist in the
environment. How is it done? What should business managers do to access the
business environment? (External analysis, Steps for business managers) 5, 5
Answer:The External Analysis examines opportunities and
threats that exist in the environment. Both opportunities and threats exist
independently of the firm. The way to differentiate between a strength or
weakness from an opportunity or threat is to ask: Would this issue exist if the
company did not exist? If the answer is yes, it should be considered external
to the firm. Opportunities refer to favorable conditions in the environment
Q2.
Differentiate between capitalist and socialist economies.
(Differences
between capitalist and socialist economies)10
Answer.
Differences
between capitalist and socialist economies
Capitalist Economy
In this economic system the means of
production and distribution are privately owned and production is guided
largely through the operation of markets. The ideology of capitalism was
expressed in Adam Smith's “Wealth of
Q3.
Discuss the Industrial laws applicable in India.
(Explanation
of Industrial laws applicable to business in India) 10
Answer.
Industrial
laws applicable to business in India
Apart from the laws applicable to
industry, the Government of India has also laid down legislations that cover
various areas and aspects of economic setup such as business, market, labour,
competition and industry etc. These legislations and policies are regulatory in
nature and are aimed at providing an equitable and fair
Q4.
Write a note on the three pillars of free economy namely liberalization,
privatization and globalization.
(Meaning,
Effect on Indian economy) 5, 5
Answer: Liberalization: The process of liberating the economy from
governmental regulations and control is known as Liberalization. This results
in greater freedom for private enterprise that leads to faster economic growth.
Over the last two decades, India has witnessed a gradual liberalization in many
major sectors such as
Q5.
Describe the corporate social responsibility of business houses towards human
resources with an example of an Indian Company.
(Explain
Corporate Social Responsibility, Explain CSR with an example of an Indian
Company) 5, 5
Answer.
Corporate
Social Responsibility
Business is an activity of making,
buying or selling goods or services for money. “Social responsibility” means to
serve the people or the community without expecting anything. Business is meant
to create wealth, new markets, provide employment and produce enough goods to
sustain its activities and to improve its
Q6.
Explain the Indian economy with reference to the service sectors like Education
and Health care.
(Explain
Services sector, Explain the progress made by services sectors like Education
and Health care in India) 2, 8
Answer.
Services
sector
The Services sector is the largest
contributor to the country's GDP (more than half of India’s GDP). It has
maintained a steady
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