Subject : Business Environment

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AEREN FOUNDATION’S                                                           Maharashtra Govt. Reg. No.: F-11724

 

Name :Veerthapa                                                                                                                              Marks : 80

Course : Masters in Business Administration (MBA 4 Sem)

Subject : Business Environment

Answer the following question.

Question.1. What is economic growth? (10 marks)

Answer:Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms.

Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods

Question.2. Explain GDP at factor cost? (10 marks)

Answer:The GDP at factor cost is also called "net product" or "net value added" method. This method consists of three stages:

·       Estimating the gross value of domestic output;

·       Determining the intermediate

Question.3. Is India sharing a comfortable position with regard to natural resources? (10 marks)

Answer:If industrial development is to be sustainable over the long term, it will have to change radically in terms of the quality of that development, particularly in industrialized countries. But this is not to suggest that industrialization has reached a quantitative limit, particularly in developing countries. Even today, according to UNIDO, world industrial output would have to be increased by a factor of 2.6 if consumption of manufactured goods in developing countries were to be raised to current industrial country levels. Given expected

Question.4. Write a note on Air Transport. (10 marks)

Answer: Air travel is a form of travel in vehicles such as helicopters, hot air balloons, blimps, gliders, hang gliding, parachuting, airplanes, jets, or anything else that can sustain flight. Use of air travel has greatly increased in recent decades - worldwide it doubled between the mid-1980s and the year 2000.

Air travel can be separated into two general classifications: national/domestic and international flights. Flights from one point to another

Question.5. What is information collection system. (10 marks)

Answer:Data collection is the process of gathering and measuring information on targeted variables in an established systematic fashion, which then enables one to answer relevant questions and evaluate outcomes. The data collection component of research is common to all fields of study including physical and social sciences, humanities and business.It help scientists and analysts to collect the main points as gathered information. While methods vary by discipline, the emphasis on ensuring accurate and honest collection remains the same. The goal for all data collection is to capture quality evidence that then translates to

Question.6. What does management transfer involve. (10 marks)

Answer:Risk mitigation measures are usually formulated according to one or more of the following major risk options, which are:

·       Design a new business process with adequate built-in risk control and containment measures from the start.

·       Periodically re-assess risks that are accepted in ongoing processes as a normal feature of business operations and modify mitigation measures.

·       Transfer risks to an external agency (e.g. an insurance company)

·      Avoid risks altogether (e.g. by closing down a

·       

·       

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Question.7. Discuss product diversity. (10 marks)

Answer:It is the process of expanding business opportunities through additional market potential of an existing product. Diversification may be achieved by entering into additional markets and/or pricing strategies. Often the product may be improved, altered or changed, or new marketing activities are developed. The planning process includes market research, product adaptation analysis and legal review.

Question.8. Write a note on Warehousing in India (10 marks)

Answer:Apart from conventional storing services, warehouses in India now provide value-added services like consolidation and breaking up of cargo, packaging, labelling, bar coding, reverse logistics, etc.

The growth in warehousing in India is primarily being driven by the following factors:

·      Growing manufacturing activity

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