SUBJECT: Business Environment

SECTION A
1. A) Mention the different type of business enterprise found in business world.

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OR
B) What do you mean by business system? Give the classification of business. 14
.

SECTION B

2. a) The business environment is static in nature Discuss.

b) What measure does the central bank take to control inflation? Explain the impact of this
change on business environment. 7
OR
c) What is meant by Exim policy? 7
d) Make an assessment of new economic policy keeping in view the long term objective of
economic development. 7

3. a) What are the SEZs and what do you see as their role in economic development of India? 7
b) Describe the various ways of transferring technology from one country to another

OR
c) What is the responsibility of business towards ecology?

d) The concept of social system is closely related to the social structure which is a means
through which social system functions. Elaborate the statement and explain the main element of
social system & their relevance to decision making in business. 7
4. a) Differentiate between GATT and WTO.

b) List some elements of external environment you would want to scan to improve profits of a
retailing business you may own in future? 7
OR
c)Globalization is process of integration of economic across the world through cross border
flow of product and information Discuss.7.
D) Do you think the foreign direct investment in India is sufficient? What steps should be taken
to attract more FDI.
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SECTION

5) Identify the types of non-economic environment in the following cases:

1. Demand for new clothes increases during festive session.
2. Computer has outdated typewriter.
3. Coca-Cola is now being freely sold in the Indian market.
4. Sugar factories are being set up where sugarcane is grown abundantly.
5. Availability of skilled labor in a particular region

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