IGNOU ASSIGNMENT Course Code : MCO – 04 Course Title : Business Environment Assignment Code : MCO - 04 /TMA/2022-23 Coverage : All Blocks

 

TUTOR MARKED ASSIGNMENT 

Course Code : MCO – 04 

Course Title : Business Environment 

Assignment Code : MCO - 04 /TMA/2022-23 

Coverage : All Blocks 

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Attempt all the questions 

1) What do you understand by business environment? Discuss its importance for the business. 

(20) 

2) How does socio-cultural environment affects business decision-making? Give a brief ketch of the nature of socio-cultural environment prevailing in India. 

(20) 

3) What is an industrial license? Enumerate the circumstances under which it is necessary. 

(20) 

4) Why is Indian economy regarded an underdeveloped economy? State its basic characteristics. 

(20) 

5) Explain the concept of globalization as a national policy with particular references to the policy initiative taken by the Government of India since 1991.