Advertisements
Advertisements
प्रश्न
What is meant by 'Globalisation'?
उत्तर
Globalisation refers to the process of securing socio-economic integration and development of various economies of the world. It is a conscious and active process associated with the free flow of information, knowledge, services and goods so as to expand business and trade across the borders of the countries
APPEARS IN
संबंधित प्रश्न
Metlapp Networks and Technologies Ltd. is a leader in technology innovation in the United States, creating products and solutions for connecting the world. It has a large research and evelopment team which invented the first smartwatch, named as W-7. The watch besides showing the time also monitors few health parameters like a heartbeat, blood pressure etc.
While in search of markets abroad, the company found that in India, the reform process was underway with the aim of accelerating the pace of economic growth. The company decided to take advantage of simplified export procedure and removal of quantitative as well as tariff restrictions in India.
It set up its office in Jamnagar with a view to capturing the Indian market. In a short span of time, the company emerged as a market leader. The success of the company attracted many other players to enter the market. The competition resulted in the reduction in prices, thereby benefiting the customers.
1) In the above paragraph, two major concepts related to government policy have been discussed. Identify and explain these concepts.
2) Also, explain briefly any three impacts of these concepts on Indian business and industry.
Giving any four points, explain the impact of government policy changes on Business and Industry.
Krishna Furnishers Mart started its operations in the year 1954 and emerged as the market leader in the industry because of their original designs and efficiency in operations. They had a steady demand for their products but over the years, they found their market share declining because of new entrants in the field. The firm decided to review their operations and decided that in order to meet the competition, they need to study and analyze the market trends and then design and develop their products accordingly. List any two impacts of changes in business environment on Krishna Furnishers Mart’s operations. (Hint: increase in competition and Market orientation).
Explain the following terms:
a. Liberalisation
b. Privatization
c. Globalisation
Briefly discuss the impact of Government policy changes on business and industry.
What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
Reduction in the role of public sector is due to ________.
Reducing the role of Public Sector and increasing the role of Private Sector fall under ______.
In all the countries there is a free-flow of goods and services under which of the following does it come?
Which of the following deals with the process of simplification of Import-Export?
A possible obstacle to growth of privatisation is ______.
Privatization of ownership through sale of equity share is called ______.
Liberalisation means :-
Which of the following does not explain the impact of government policy changes on business and industry?
______ refers to the removal of unnecessary controls and restrictions of the government in the form of -licenses.
What is the impact of government policy changes on the business and industry
What are the essential features of Privatisation?
