Description

SESSION FEB’24 PROGRAM BACHELOR OF BUSINESS ADMINISTRATION
(BBA)
SEMESTER I
COURSE CODE & NAME DBB1103 & BUSINESS ENVIORNMENT
CREDITS 04
Assignment Set – 1st
Questions
1. What do you mean by Aggregate Demand? Mention the factors which can cause
changes in Aggregate Demand?
Ans:Aggregate demand Aggregate demand (AD) is the total demand for final goods and
services in the economy at a given time and price level. It is the amount of goods and services
in the economy that will be purchased at all possible price levels.
This is the demand for the gross domestic product of a country.
AD = C + I + G + (X-M)
Where:
C = Consumers’ expenditure on goods and services: This includes demand for consumer
durables (e.g. washing machines, audio-visual equipment and motor vehicles)& non-durable
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2. Inadequate infrastructure of a country is a major obstacle that business faces. (Yes or
No, Justify)
Ans:Justification:
Inadequate infrastructure can indeed be a major obstacle that businesses face.
Infrastructure encompasses various elements such as transportation networks, communication
systems, energy supply, water and sanitation facilities, and physical structures like roads,
bridges, ports, and airports.
A lack of or poorly maintained infrastructure can hinder business operations in several
ways:
Transportation Constraints: Inadequate transportation infrastructure, such as poorly
3. What is Business Environment? Brief about the internal environment of a firm.
Ans:The business environment refers to the external and internal factors that affect the
operations, performance, and decision-making processes of a business organization. It
encompasses the broader economic, social, political, technological, legal, and competitive
forces that shape the business landscape in which firms operate.
The internal environment of a firm consists of factors that are within the organization’s
control and influence its operations and performance:-
These factors include:
Organizational Structure: This refers to the framework of roles, responsibilities, and
relationships within the organization. It includes the division of labour, hierarchy of
authority,
Assignment Set – 2nd
Questions
1. In what ways does the public sector help the government and the country?
Ans:
The public sector plays a vital role in supporting the government and contributing to
the overall development and well-being of the country in several ways:
Service Provision: Public sector organizations deliver essential services and utilities to
citizens, including education, healthcare, transportation, public safety, water supply,
sanitation, and social welfare programs. These services ensure basic needs are met, enhance
quality of life, and promote social equity and inclusivity.
Infrastructure Development: Public sector entities are often responsible for planning,
financing, and developing critical infrastructure projects such as roads, bridges, airports,
2. Describe privatization and ways of privatization. What are the objectives of
disinvestment?
Ans:Privatization is the process of transferring ownership, control, and management of
public assets, enterprises, or services from the government or public sector to the private
sector. It involves the sale, lease, or transfer of state-owned assets or businesses to private
individuals, corporations, or investors. Privatization is often pursued as a means of enhancing
efficiency, improving service delivery, promoting competition, reducing government
3. Brief about the corporate social responsibility of business houses towards different
stakeholders.
Ans:Corporate social responsibility (CSR) refers to the ethical and voluntary actions that
businesses take to contribute to the well-being of society and the environment beyond their
legal obligations and economic interests. CSR involves considering the interests of various
stakeholders, including employees, customers, communities, suppliers, shareholders, and the
environment.
Here’s how businesses can demonstrate CSR towards different stakeholders:
Employees:
Providing a safe and healthy work environment, including proper training, equipment, and
workplace safety protocols.
Offering fair wages, benefits, and opportunities for professional development, training, and