MB0042 – MANAGERIAL ECONOMICS

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Assignment

Drive	Semester 2017
Program	Master of Business Administration - MBA
Semester	1
Subject code & name	MB0042 – MANAGERIAL ECONOMICS
Book ID	B1625
Credit and Max. Marks	4 Credits , 60 Marks

Question 1. Define Law of Demand and discuss the various exceptions to the law of demand

Answer : Law of demand : The law of demand states that, all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises.

·       The demand schedule tells you the exact quantity that will be purchased at any given price. Here's a real-life example of how this works in the demand schedule for beef in 2014.

·       The demand curve plots those numbers on a chart

Question 2. Explain the features of LAC curve with a diagram    

Answer : The Long Run Average Cost, LRAC, curve of a firm shows the minimum or lowest average total cost at which a firm can produce any given level of output in the long run (when all inputs are variable).

Features of LAC curve 

(i)  The LAC curve is tangential to the various SAC curves:

Question 3. Critically examine Baumol’s static and Dynamic Models

Answer : Static model is more structural than behavioral while dynamic model is a representation of the behavior of the static components of the system. Static modelling includes class diagram and object diagrams and help in depicting static constituents of the system. Dynamic modelling on the other hand consists of sequence of operations, state changes, activities, interactions and memory.

Question 4. Explain Perfect Competition and the equilibrium of a firm under perfect competition in the long run

Answer : Perfect competition describes a market structure where competition is at its greatest possible level. To make it more clear, a market which exhibits the following characteristics in its structure is said to show perfect competition:

·       Large number of buyers and sellers

·       Homogenous product is produced by every firm

·       Free entry and exit of firms

·       Zero advertising cost

·       Consumers have perfect knowledge about the market and are well aware of any changes in the market. Consumers indulge in rational decision making.

Economic Profit and Economic Loss

Economic profits and losses play a crucial role in the model of perfect competition. The existence of economic profits in a particular industry attracts new firms to the industry in the long run. As new firms enter, the supply curve shifts to the right, price falls, and

Question 5. Discuss the working of the multiplier and explain the various leakages in multiplier.

Answer : A number which indicates the magnitude of a particular macroeconomics policy measure. In other words, the multiplier attempts to quantify the additional effects of a policy beyond those that are immediately measurable.

Working of Multiplier :

Multiplier is the mechanism through which income gets propagated as a result of added investment. How a new investment brings about a multiple increase in income by

Question 6. Explain Oligopoly. Explain the features of Oligopoly market.

Answer : An oligopoly is a market form wherein a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher prices for consumers. Oligopoly has its own market structure. The Oligopoly Market characterized by few sellers, selling the homogeneous or differentiated products. In other words, the Oligopoly market structure lies between the pure monopoly and monopolistic competition, where few sellers dominate the market and have control over the price of the product.

Homogeneous product: The firms producing the homogeneous products are called as Pure or Perfect Oligopoly. It is found in the producers of industrial products

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MB039 - Business Communication

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ASSIGNMENT

DRIVE	SUMMER - 2017
PROGRAM	MBA
SEMESTER	I
SUBJECT CODE & NAME	MB039 - Business Communication
BK ID	B1622
CREDITS	4
MARKS	30 MARKS EACH

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question. 1. Define communication. What are the characteristics of communication?

Answer: Communication (from Latin commūnicāre, meaning "to share"[1]) is the act of conveying intended meanings from one entity or group to another through the use of mutually understood signs and semiotic rules.

The main steps inherent to all communication are:

·       The forming of communicative motivation or reason.

·       Message composition (further internal or technical elaboration on what exactly to express).

·       Message encoding (for example, into digital data, written text, speech, pictures, gestures and so on).

Question. 2. What are the five types of reading?

Answer: Scanning type of reading

For example, scanning a telephone book:

·       You are looking for it quickly.

·       You know what you are searching for (key words and names).

·       You 'see' every item on the page, but you don't necessarily read the pages - you ignore anything you are not looking for. Thus, when you

Question. 3. Mention the advantages and disadvantages of intranet.

Answer: Advantages of Intranet: There are number of advantages of intranet discussed below

·       Intranets offering workforce productivity which can help user to find and observe information very fast. User may also use applications according to their roles and tasks. Through web browser a user can get access to entire contents of any website from anywhere or any time. Intranet also increase the ability of employee’s by performing their job confidently very fast, and accurately.

·       Intranet permits business companies to share out information to employees according to their need or requirements. Employees may

Question. 4. Explain the wheel of communication. Who are the internal stake holders in an organization?

Answer: Communication means transferring messages from one to another and it has several forms such as intrapersonal, interpersonal, group and mass communication. While it comes to group communication it has a certain patterns in its own. Few patterns are popular in mainstream communication studies. Such as

    Circle

Question. 5. Define meeting. Explain types of meetings.

Answer: In a meeting, two or more people come together to discuss one or more topics, often in a formal setting. The first step towards planning a meeting is defining what type of meeting it is. While every meeting is unique, being familiar with the six most common types of meetings will help you better identify the goals, structure, and activities best suited for your meetings.

The six general types of meetings:

1.       Status Update Meetings

2.       Information Sharing Meetings

3.       Decision Making Meetings

4.       Problem Solving Meetings

5.       Innovation Meetings

6.       Team Building Meetings

Here is a break-down of the six general types of meetings with examples of the main activities involve in each type. Knowing what type of meeting you are planning will increase the success of your meeting.

Meeting Type 1: Status Update Meetings

Status update meetings is one of the most common meeting types. This category includes regular team and project meetings, where the primary goal is to align the team via updates on progress, challenges, and next steps. Commonly found group activities in these kinds of meetings are problem solving, decision making, prioritization, and task assignment.

Meeting Type 2: Information Sharing Meetings

Presentations, panel debates, keynotes, and lectures are all examples of information sharing meetings. The primary goal of these meeting is for the speakers to share information with the attendees. This could be information about things like upcoming changes, new products and techniques, or in depth knowledge of a domain. Visual communication tools, like slides and videos, are powerful tools for making the shared information more memorable.

At information sharing meetings the attendees have historically been passive listeners. With new technologies like MeetingSift they can use their smart devices to go from passive spectators to active participants, making the meeting more engaging and enjoyable for all.

Meeting Type 3: Decision Making Meetings

The vast majority of business decisions are made by groups in meetings. While small decisions are made in all kinds of meetings, the more important decisions often get their own dedicated meetings. There are different types of group decision making processes, and care should be taken to choose a process that best matches the situation. A decision making process can include group processes like information gathering and sharing, brainstorming solutions, evaluating options, ranking preferences, and voting.

Meeting Type 4: Problem Solving Meetings

Problem solving meetings are perhaps the most complex and varied type of meetings. Whether the meeting is addressing an identified problem, or it is focusing on creating strategies and plans to navigate the future, there are a rich arsenal of group processes that can be used. Scopes and priorities need to be defined, opportunities and threats need to be identified, and possible solutions should be brainstormed, evaluated, and agreed upon.

Meeting Type 5: Innovation Meetings

Innovation meetings and creative meetings often start with thinking outside the box, by brainstorming, associating, and sharing ideas in a broad scope. Meeting participants can then use various techniques and processes to reduce the diverse pool of ideas to a more focused short list. Through ranking, evaluations, and decision making the most suitable idea, or ideas, are identified, and recommendations and tasks can be assigned based on this.

Meeting Type 6: Team Building Meetings

All meetings should contribute to team building, strengthening relationships and corporate culture. However, now and then team building activities should be the main focus for a meeting. This category include meetings like include all-hands meetings, kick-off meetings, team building outings, and corporate events. Have participants feel like essential parts of their unit, team, department, branch, and company has all kinds of positive impact on their engagement, performance, and satisfaction.

Question. 6. Write an inquiry letter to the HR of ABC organization asking if there is a vacancy in the finance department.

Answer:

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MB0038– Management Process and Organizational Behaviour

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Assignment

Drive	SUMMER 2017
Program	MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
Semester	1
Subject code & name	MB0038– Management Process and Organizational Behaviour
Book ID	B1621
Credit and Max. Marks	4 credits; 60 marks

Question. 1. Explain the Definition and Importance of ‘management’.

Answer : Management is very important for any organization without proper management you cannot achieve the required objectives. It is an important force which coordinate the individual efforts. Any how, it is a controlling force in case of business, country or even for a family. It can be defined in the following words :

Question. 2 Explain the steps involved in Planning process. Discuss any 5 importance of Organizing. 

 Answer : Planning (also called forethought) is the process of thinking about and organizing the activities required to achieve a desired goal. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills. There are even a couple of tests to measure someone’s capability of planning well. As such, planning is a fundamental property of intelligent behavior.

Also, planning has a specific process and is necessary for multiple occupations (particularly in fields such as management, business, etc.). In each field there are different types of plans that help companies achieve efficiency and effectiveness. An important, albeit often ignored aspect of planning, is the relationship it holds to forecasting. Forecasting can be described as predicting

Question. 3. Explain the following: a) Definition of Leading. b) Importance of Leading

Answer : Definition of Leading: In typography, leading (/ˈlɛdɪŋ/ LED-ing) refers to the distance between the baselines of successive lines of type. The term originated in the days of hand-typesetting, when thin strips of lead were inserted into the forms to increase the vertical distance between lines of type. The term is still used in modern page layout software such as QuarkXPress and Adobe InDesign.

In consumer-oriented word processing software,

Question. 4. Define the term Controlling? What are the prerequisites of effective control?

Answer : Effective Management Control deals with a critical but relatively neglected and misunderstood aspect of organizational effectiveness: the process of controlling the behavior of people in organizations. The issue of organizational control and the design of an optimal control system is essential for the long term effectiveness of an organization: too little control can lead to confusion and chaos; conversely, too great a degree of control can result in the erosion of

Question. 5. Explain the components and functions of attitude.

Answer:-Meaning of attitude

Attitudes are also known as "frames of reference." They provide the background against which facts and events are viewed. It becomes necessary to know the attitudes of members of an organisation because they have to perceive specific aspects like pay, hours of work, promotion, etc. of their work life in the wider context of their generalised attitudes. Attitudes are also

Question. 6. Define leadership. Write a brief note on ‘Contingency Theories of Leadership’.

Answer : What exactly makes a great leader? Do certain personality traits make people better-suited to leadership roles, or do characteristics of the situation make it more likely that certain people will take charge? When we look at the leaders around us – be it our employer or the President – we might find ourselves wondering exactly why these individuals

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MK0018– International Marketing

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ASSIGNMENT

DRIVE	SPRING 2017
PROGRAM	MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4)
SUBJECT CODE & NAME	MK0018– International Marketing
BK ID	B 1811
Credit & Marks	4 CREDIT, 60 MARKS

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. Differentiate between GATT and WTO

Answer:The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. It was created in 1948 and lasted until 1993. World Trade Organization (WTO) was formed as a replacement for GATT in 1995 with the purpose of supervising and liberalizing international trade. WTO has a more permanent structure compared to GATT. WTO also monitors trade in services and trade-related aspects of intellectual property rights, in addition to trade in goods.

There are various bodies or agreements that have

Question.2. Write short notes on the following:

A. International franchising

Answer:Franchising is the practice of the right to use a firm's business model and brand for a prescribed period of time. The word "franchise" is of Anglo-French derivation—from franc, meaning free—and is used both as a noun and as a (transitive) verb. For the franchisor, the franchise is an alternative to building "chain stores" to distribute goods that avoids the investments and liability of a chain. The franchisor's success depends on the

B. International contract manufacturing

Answer:Contract manufacturing is the outsourcing of part of the manufacturing process of a product to a third-party. More specifically, contract manufacturing is an outsourcing of certain production activities that were previously performed by the manufacturer to a third-party. A company may outsource the manufacture of certain components for the product or outsource the assembly of the product. Nowadays, outsourcing companies have

Question.3. What are the stages in which international markets are screened and analysed?

Answer:The International Marketing Entry Evaluation Process is a five stage process, and its purpose is to gauge which international market or markets offer the best opportunities for our products or services to succeed. The five steps are Country Identification, Preliminary Screening, In-Depth Screening, Final Selection and Direct Experience.

Question.4. What is counter-trade? Describe the various types of counter-trade.

Answer:Countertrade means exchanging goods or services which are paid for, in whole or part, with other goods or services, rather than with money. A monetary valuation can however be used in counter trade for accounting purposes. In dealings between sovereign states, the term bilateral trade is used. OR "Any transaction involving exchange of goods or service for something of equal value."

Question.5. Briefly discuss the role of sales promotion and personal selling in international marketing.

Answer:Personal selling is the process of communicating with a potential buyer (or buyers) face-to-face with the purpose of selling a product or service. The main thing that sets personal selling apart from other methods of selling is that the salesperson conducts business with the customer in person. Though personal selling is more likely to be effective with certain types of products or services, it has important applications for nearly all kinds of small businesses. In fact, most of history's successful entrepreneurs have been

Question.6. Write short notes on the following:

a. Bill of Exchange

Answer:Bills of exchange are similar to checks and promissory notes. They can be drawn by individuals or banks and are generally transferable by endorsements. The difference between a promissory note and a bill of exchange is that this product is transferable and can bind one party to pay a third party that was not involved in its creation. If these bills are issued by a bank, they can be referred to as bank drafts. If they are issued by

b. Packing list

Answer:The Universal Packing List is a tool that provides a custom travel check list.

Packing mishaps range from merely inconvenient (heading to the Caribbean without your favorite swimsuit) to downright disastrous (finding you’ve left the country without your wallet or medication) but most are

c. Air way bill

Answer:An air waybill (AWB) or air consignment note is a receipt issued by an international airline for goods and an evidence of the contract of carriage, but it is not a document of title to the goods. Hence, the air waybill is non-negotiable.

The air waybill is the most important document issued by a carrier either directly or through its authorised agent. It is a non-

d. Certificate of origin

Answer:A certificate of origin (often abbreviated to C/O, COO or CoO) is a document used in international trade. In a printed form or as an electronic document, it is completed by the exporter and certified by an recognized issuing body, attesting that the goods in a particular export shipment have been produced, manufactured or processed in a particular country.

The origin of the product does not refer to the

e. Consular invoice

Answer: A consular invoice also has a copy of the commercial invoice in the language of the country, giving full details of the merchandise shipped. In general, the purpose is to provide the foreign customs authority with a complete, detailed description of the goods so that the correct import duty can be levied. 

In international law, consularization is the act of authenticating any legal document by the consul office, by the consul signing and

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