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|course CODE & NAME||DCM6204 – BUSINESS ENVIRONMENT|
Set – 1
- What is business environment? Explain the elements falling under Micro business environment.
Ans: A business can be defined as an organisation that makes money by trading goods and services with clients. It’s also known as an enterprise firm. Business is the most important factor in a capitalist economy. The bulk of enterprises are privately owned and operated. Profit maximisation and wealth accumulation are the goals of privately owned firms. Several public and non-Its Half solved only
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- Define Cultural Environment. Elucidate the interface between Culture & Business.
Ans: The cultural environment refers to the set of values, beliefs, customs, behaviours, and norms shared by a society or a specific group of people. It encompasses the social, religious, educational, and familial influences that shape individuals’ attitudes, perceptions, and behaviours. The
- Throw light upon the political philosophies. Also discuss the functions of the legislature of India.
Ans: Political philosophies refer to the theoretical frameworks or ideologies that shape political thought and guide the understanding of the role of government, individual rights, social organization, and the distribution of power within a society.
Here are some prominent
Set – 2
- Discuss the factors affecting Foreign Direct Investment. Also throw light upon the advantages of FDI to India.
Ans: Foreign Direct Investment (FDI) refers to the investment made by a foreign entity in the form of capital, technology transfer, or expertise, to establish a business or acquire a significant ownership
- Which are the different categories of labour? Discuss in detail the types of Intellectual Property Rights.
Ans: Different Categories of Labor:
Unskilled Labor: Unskilled labour refers to workers who do not require specialized training, education, or technical skills to perform their jobs. They typically perform manual or repetitive tasks that require minimal qualifications. Examples include labourers, cleaners, construction workers, and
- Which ethical marketing practices could be applied to stop ethical barriers? Also discuss in detail the concept of External balances.
Ans: Ethical marketing practices can help address ethical barriers in business and promote responsible and sustainable marketing.
Here are some ethical marketing practices that can be applied to overcome ethical barriers:
Transparency and Honesty: Companies should strive to be transparent and honest in their marketing