Question : Advance understanding of business environment will help in:
Option 1: Planning and policy formation
Option 2: Privatisation
Option 3: Developing new principle of management
Option 4: Liberalisation
Correct Answer: Planning and policy formation
Solution : The major strategies or plan and policies in the organisation are formed keeping in mind business environment because the policies and strategies have to be implemented in the presence of environmental forces.
Since environment is a source of both opportunities and threats for a business enterprise, its understanding and analysis can be the basis for deciding the future course of action (planning) or training guidelines for decision making (policy). Hence, option 1 is the correct answer.
Question : What is L.P.G. in context of business environment?
Option 1: Liberalisation
Option 3: Globalisation
Option 4: All of them
Question : ___________ assists in planning and helps in policy formation.
Option 1: Group dynamics
Option 2: Business environment
Option 3: Turn around management
Option 4: None of the above
Question : Export promotion is concerned with:-
Option 1: Privatisation
Option 2: Globalisation
Option 3: Liberalisation
Question : Fill in the blanks- Under new economic policy, disinvestment is a part of ____. Freedom in fixing price of goods and services is a part of _____.
Option 1: Liberalisation, privatization
Option 2: Privatization, liberalisation
Option 3: Liberalisation, globalization
Option 4: Globalization, privatization
Question : Which of the following deals with the process of simplification of import - export?
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