DCM3203 BUSINESS ENVIRONMENT

Description

SESSION	May 2024
PROGRAM	BACHELOR of COMMERCE (B COM)
SEMESTER	06
course CODE & NAME	DCM3203– Business environment
CREDITS	4
nUMBER OF ASSIGNMENTS & Marks	02 30 Marks each

 

 

Set – 1^st

Questions

 

1. (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:

1. Strengths (S): Internal factors that give an advantage over others, such as a strong brand, skilled workforce, or efficient processes.
2. Weaknesses (W):

 

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2. 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:

1. Structural =

 

 

3. (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 while minimizing their drawbacks.

Characteristics of a Mixed Economy:

1. Coexistence of =

 

 

 

 

 

 

Set – 2^nd

Questions

 

4. (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 key laws impacting businesses in India:-

1. Corporate and =

 

 

5. (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 Payments Crisis: By 1991, India faced a severe balance of payments crisis, primarily due to a combination of factors including rising oil prices, stagnant economic growth, and a growing fiscal deficit. The country’s foreign exchange reserves dwindled to critical levels, covering only a few weeks’ worth of imports.
• High Inflation =

 

6. (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 advancements in technology, communication, and transportation, leading to the expansion of international trade and investment.

Key Aspects of =