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Description
SESSION | july-august 2024 |
PROGRAM | BACHELOR of COMMERCE (B.COM) |
SEMESTER | VI |
course CODE & NAME | DCM3203 & Business environment |
CREDITS | 04 |
nUMBER OF ASSIGNMENTS & Marks | 02
30 Marks each |
Set – 1st
Questions
- (i) Explain the SWOT analysis and steps involved in the application.
Ans: SWOT analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats of an organization, project, or individual. It helps in understanding the internal and external factors that can affect success and decision-making.
The SWOT Components:
- Strengths (S): Internal factors that give an advantage over others, such as a strong brand, skilled workforce, or efficient processes.
- Weaknesses (W): Internal
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- Write a short note on the given topics:
(i) Changing profile of the Indian economy
Ans: The profile of the Indian economy has undergone significant changes over the past few decades, driven by economic reforms, globalization, technological advancements, and demographic shifts. Here’s an overview of the key changes shaping the current profile of the Indian economy:
- Structural Transformation
- Shift from Agriculture to Services: The Indian economy has transitioned from being primarily agrarian to becoming service-oriented.
(ii) Influence of culture on communication and decision-making.
Ans: Culture plays a significant role in shaping how individuals communicate and make decisions. It influences perceptions, values, attitudes, and behaviours, which in turn affect interpersonal interactions and the decision-making process in personal, social, and professional settings.
- Influence on
- (i) Describe the characteristics of a mixed economy.
Ans: A mixed economy is an economic system that combines elements of both capitalism and socialism, incorporating features of free markets and government intervention. This hybrid model allows for a balance between private enterprise and public control, aiming to harness the advantages of both systems
(ii) Explain the role of foreign direct investment.
Ans: Foreign Direct Investment (FDI) plays a crucial role in the economic development and growth of a country. It involves investment by a company or individual from one country into business interests in another country, typically by acquiring a substantial stake in a foreign company, establishing new operations, or expanding existing business activities. FDI brings in long-term capital, technology,
Set – 2nd
Questions
- (i) Discuss the different laws impacting the business in India.
Ans: In India, businesses operate under a comprehensive legal framework that encompasses various laws and regulations. These laws aim to regulate business operations, protect stakeholders, ensure fair practices, and maintain the country’s economic stability.
Here’s an overview of the
(ii) “An ideal economy is based on three principles”. Elaborate the statement.
Ans:
The statement “An ideal economy is based on three principles” typically refers to the foundational elements that create a balanced, sustainable, and inclusive economic system. While different theories might highlight varying principles, three commonly accepted principles that constitute
- (i) Describe the crisis of June 1991.
Ans: The crisis of June 1991 was a significant economic turning point for India, marking the beginning of major economic reforms in the country.
Here are the key aspects of this crisis:
Background
- Balance of
(ii) Discuss the benefits of privatization.
Ans: Privatization refers to the transfer of ownership, management, and control of public sector enterprises to private entities. It involves shifting government-owned businesses, assets, or services to the private sector with the aim of enhancing efficiency, productivity, and overall economic
- (i) Explain the concept of globalization and its benefits.
Ans: Globalization refers to the process of increasing interconnectedness and interdependence among countries, cultures, and economies. It encompasses the flow of goods, services, capital, information, technology, and people across borders. Globalization has been driven by
(ii) Write a short note on the structure of WTO.
Ans: The World Trade Organization (WTO) is an international organization that regulates and facilitates international trade between nations. Established on January 1, 1995, it succeeded the General Agreement on Tariffs and Trade (GATT) and has a unique structure designed to promote