MCO-04 Business Environment in English Solved Assignment 2022-2023

MCO-04 Business Environment Solved Assignment 2022-2023


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

Title Name

MCO-04 Solved Assignment 2022-2023

University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Course MCOM
Language ENGLISH
Semester 2022-2023 Course: MCOM
Session For July 2022 and January 2023 admission cycle
Short Name MCO-04
Assignment Code MCO – 04 /TMA/2022-23
Product Assignment of MCOM 2022-2023 (IGNOU)
Submission Date July session: 15th March

January session: 15th September



Maximum Marks: 100
Attempt all the questions
1) What do you understand by business environment? Discuss its
importance for the business.
2) How does socio-cultural environment affects business decisionmaking? Give a brief ketch of the nature of socio-cultural
environment prevailing in India.
3) What is an industrial license? Enumerate the circumstances under
which it is necessary.
4) Why is Indian economy regarded an underdeveloped economy?
State its basic characteristics.
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.



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