MBA 1st International Environment Very Short Question Answer Sample Model Paper :- In this Post you will find MBA 1 year related to important questions related to the answer such as the Introduction Micro Business Answer and many other important questions. Very Short Questions are answer in English Section A
Section A
VERY SHORT ANSWER QUESTIONS
Q.1. What are the various international forces in business environment?
Ans. An organisation has to evolve in resonse to ever changing conditions. These conditions are the forces that provide a solid methodology for accomplishing that goal. These forces are market forces, technological forces, economic forces, ideological fores, political and governmental forces, media forces, sociological forces, ethical forces, environmental and regulatory forces.
Q.2. How technological forces affect business environment?
Ans. Technological forces affect everything from how a product is produced to how a customer uses it and may has to evolve in response to ever changing conditions. These conditions are e a solid methodology for accomplishing that goal. These forces are market forces, affect every function in an organisation including what products are developed, how marketing reaches consumers and how sales are tracked and managed.
Q.3. What is SEZ?
Ans. SEZ (Special Economic Zone) is a geographically bound zone where the economic laws in matters related to export and import are more broad-minded and liberal as compared to rest parts of the country. SEZ units are self-contained and integrated having their own infrastructure and support services.
Q.4. What are the features of SEZ?
Ans. Salient features of SEZ are:
1. Self certification for import and export.
2. Fiscal incentives and single window clearance.
3. Sub contracting a part of product or product process.
4. Sales in domestic tariff area permitted.
Q.5. What are the benefits from SEZ?
Ans. SEZ provides the following benefits:
1. Allow to carry forward losses and no license required for import made under SEZ units.
2. Goods imported/procured locally are duty free.
3. Exemption from customs duty on import of capital goods, raw materials, etc.
4. No routine examination by customs officials of export and import cargo.
MBA 1st International Environment Very Short Question Answer
Q.6. What do you understand by GATT?
Ans. ATT (General Agreements on Tariffs and Trade) was a multilateral agreement regulating
International trade. Its purpose was the substantial reduction of tariffs and other trade barriers and the elimination of preferences on a reciprocal and mutually advantageous basis.
0.7. What are the objectives of WTO?
Ans. The objectives of WTO are:
1. To improve standard of living of people in the member countries.
2. To ensure full employment and broad increase in effective demand.
3. To enlarge production and trade of goods.
4. Realising these aims consistently with sustainable development and environmental production
5. To accept the concept of sustainable development.
Q.8. What are the functions of WTO?
Ans. WTO performs the following functions:
1. Specialised help for export.
2. WTO in global economic policy making.
3. Helping developing and transition economies.
4. Giving information to public.
5. Encouraging development and economic reform.
Q.9. What do you mean by globalisation?
Globalisation refers to the process of integration of the world into one huge market. It is the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and of international capital flows and through the more rapid and widespread diffusion of technology.
Q.10. What are the objectives of globalisation?
Ans. The various objectives of globalisation are:
1. To provide wide choices.
2. To unite cultures.
3. To facilitate free flow of capital.
4. To increase industrialisation.
5. To create jobs and boost economy.
MBA 1st International Environment Very Short Sample Model Paper
Q.11. What is the negative impact of globalisation on business environment? Ans. The negative impact of globalisation on business environment are:
1. Poor labour practices and environmental policies.
2. Heterogeneity of problems.
3. Reluctance of developed and developing countries.
4. Reduced jobs and incomes.
5. Short-term gains and factor mobility.
Q.12. What are the ways through which businesses can sell their products in foreign markets?
Ans. Businesses can sell their products in International or foreign markets through a number of ways. The most appropriate method will depend on the business its products, the outcome of its marketing environment analysis and its marketing plan. The ways are-exporting, licensing, Joint venture and foreign direct investment.
Q.13. What is LPG model?
Ans. LPG means Liberalisation, Privatisation and Globalisation. The primary objective of this model is to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world
Q.14. What are the highlights of this LPG policy?
Ans. The salient highlights of this policy are:
1. Foreign technology agreements.
2. Foreign investment.
3. MRTP Act, 1969.
4. Industrial licensing
5. Deregulation.
6. Beginning of privatisation.
7. Opportunities for overseas trade
8. Steps to regulate inflation.
9. Tax reforms.
10. Abolition of license-Permit Raj.
Q.15. the are the reasons for growth of MNCs?
Ans. the reasons for the growth of MNCs are:
1. Factor mobility and economic reforms.
2. Opening up of command economies.
3. Management culture.
4. Development in communication technology.
5. Increasing market potential.