Measures to reduce barriers to foreign trade.

                                                                                                                                 

MBA

Business Environment

ASSIGNMENT

 

Course Code: MMPC-003

Assignment Code: MMPC-003/TMA/JULY/2022 

Coverage : All Blocks

6. Write notes on the following: 

a) Measures to reduce barriers to foreign trade.

International trade is critical for economic growth and development as it allows countries to access goods and services that are not produced domestically and promotes specialization, innovation, and increased efficiency. However, many countries face barriers to foreign trade, which can limit their ability to participate fully in the global economy. In this article, we will discuss the measures that can be taken to reduce barriers to foreign trade. 

Tariff Reduction Tariffs are taxes levied on imported goods, which increase their price and make them less competitive in the domestic market. To reduce barriers to foreign trade, countries can reduce or eliminate tariffs on imported goods. This can make imported goods cheaper for consumers and promote competition in the domestic market, leading to lower prices and increased efficiency.

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What are the main components of Balance of Payments (BoP)? Discuss the factors affecting the BoP

                                                                                                                                

MBA

Business Environment

ASSIGNMENT

 

Course Code: MMPC-003

Assignment Code: MMPC-003/TMA/JULY/2022 

Coverage : All Blocks

5. What are the main components of Balance of Payments (BoP)? Discuss the factors affecting the BoP.

Balance of Payments (BoP) is a record of all transactions between a country and the rest of the world over a period of time. The BoP consists of three main components: the current account, the capital account, and the financial account. In this article, we will discuss these components and the factors that affect the BoP. Components of Balance of Payments Current Account The current account measures the balance of trade in goods and services, income, and transfers between a country and the rest of the world. It includes the following sub-components:

Trade in goods: This includes exports and imports of goods such as raw materials, finished goods, and consumer products. Trade in services: This includes exports and imports of services such as tourism, transportation, and financial services. Income: This includes earnings on investments and labor, such as dividends and salaries paid to foreign workers. Transfers: This includes remittances, aid, and other transfers between countries.

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The key players in the agricultural sector and discuss the role and importance of agricultural marketing

                                                                                                                               

MBA

Business Environment

ASSIGNMENT

 

Course Code: MMPC-003

Assignment Code: MMPC-003/TMA/JULY/2022 

Coverage : All Blocks

4. Describe the key players in the agricultural sector and discuss the role and importance of agricultural marketing.

The agricultural sector is a vital part of the global economy, providing food and raw materials for a wide range of industries. The sector includes a diverse range of players, from small-scale farmers to large agribusiness corporations, as well as governments, NGOs, and other organizations that support agricultural development. In this article, we will discuss the key players in the agricultural sector and the role and importance of agricultural marketing. 

Key Players in the Agricultural Sector Farmers Farmers are the primary producers of agricultural products, including crops and livestock. They play a crucial role in feeding the world's population and providing raw materials for a wide range of industries. Farmers can be small-scale producers or large commercial farmers, and they use a variety of methods and technologies to produce their crops and livestock.

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Discuss the structure of capital market in detail

                                                                                                                              

MBA

Business Environment

ASSIGNMENT

 

Course Code: MMPC-003

Assignment Code: MMPC-003/TMA/JULY/2022 

Coverage : All Blocks

3. Discuss the structure of capital market in detail

The capital market is a financial market that deals with the buying and selling of long-term debt and equity instruments, such as stocks, bonds, and other securities. It is an important source of financing for businesses, governments, and other organizations that require large amounts of capital to finance their operations or invest in new projects. The structure of the capital market can be divided into several key components, which are discussed in detail below. 

Primary Market 

The primary market is where new securities are issued and sold to the public for the first time. This is typically done through an initial public offering (IPO), where a company offers shares of its stock to the public in order to raise capital. The primary market is also used for the issuance of bonds and other debt securities. In the primary market, the issuer receives the proceeds from the sale of the securities, which can be used to finance new projects or expand existing operations.

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What do you understand by business ethics? Discuss the importance of business ethics and the ethical issues involved in business.

                                                                                                                             

MBA

Business Environment

ASSIGNMENT

 

Course Code: MMPC-003

Assignment Code: MMPC-003/TMA/JULY/2022 

Coverage : All Blocks

2. What do you understand by business ethics? Discuss the importance of business ethics and the ethical issues involved in business.

Business ethics refers to the principles and standards of conduct that guide the behavior of individuals and organizations in the business world. It involves the study of moral values and principles in a business setting and the application of those values to decision-making processes. In simple terms, it refers to doing the right thing in the business world, which includes treating employees, customers, shareholders, and other stakeholders with fairness and respect.

The importance of business ethics cannot be overstated. First and foremost, businesses that operate with high ethical standards tend to have a better reputation, which can lead to increased customer loyalty and trust. Customers are more likely to buy products or services from companies they trust, and ethical behavior can help build that trust.

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Define inflation. What are the different methods of measuring inflation and what are the effects of inflation.

                                                                                                                            

MBA

Business Environment

ASSIGNMENT

 

Course Code: MMPC-003

Assignment Code: MMPC-003/TMA/JULY/2022 

Coverage : All Blocks

1. Define inflation. What are the different methods of measuring inflation and what are the effects of inflation.

Inflation is defined as the rate at which the general level of prices of goods and services in an economy is increasing over a certain period of time. In other words, it is the decrease in purchasing power of a currency over time due to the increase in prices. The effects of inflation can be both positive and negative, depending on the rate of inflation and the state of the economy. The different methods of measuring inflation include the Consumer Price Index (CPI), Producer Price Index (PPI), and Gross Domestic Product (GDP) Deflator. 

The CPI measures the price changes of a basket of goods and services that are commonly consumed by households, such as food, housing, clothing, transportation, and medical care. The PPI measures the average change over time in the selling prices received by domestic producers for their goods and services. The GDP Deflator measures the price changes of all the goods and services that are produced within an economy, including those consumed by households, government, and businesses.

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What is career development? Explain the process of career development citing examples.

                                                                                                                           

MBA

Human Resources Management

ASSIGNMENT

 

Course Code: MMPC-002

Assignment Code: MMPC-002/TMA/JULY/2022 

Coverage : All Blocks

5. What is career development? Explain the process of career development citing examples.

Career development is the lifelong process of managing one's work, learning, and personal life to achieve one's goals and aspirations. It involves a series of steps that an individual can take to identify their interests, skills, and values, explore different career paths, and make informed decisions about their career. 

The process of career development typically involves the following steps: Self-Assessment: The first step in career development is self-assessment, which involves identifying one's interests, skills, values, and personality traits. This can be done through self-reflection, assessments, and feedback from others.

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Why training, mentoring, compensation and reward management of an organization ensures effective human resource development? Explain with the help of recent trends in the corporate world

                                                                                                                          

MBA

Human Resources Management

ASSIGNMENT

 

Course Code: MMPC-002

Assignment Code: MMPC-002/TMA/JULY/2022 

Coverage : All Blocks

4. Why training, mentoring, compensation and reward management of an organization ensures effective human resource development? Explain with the help of recent trends in the corporate world.

Training, mentoring, compensation, and reward management are all critical components of effective human resource development. Here's how each of these factors contributes to effective HR development, and some recent trends in the corporate world that highlight their importance:

Training: Training is important in HR development because it provides employees with the knowledge and skills they need to perform their job effectively. Recent trends in the corporate world have emphasized the importance of continuous learning and development, as technology and business practices continue to evolve rapidly. Companies are investing in new training methods, such as online courses, virtual reality simulations, and gamification, to make learning more engaging and effective.

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Explain the importance of job analysis, job design, socialization and mobility in Human resource planning citing relevant examples.

                                                                                                                         

MBA

Human Resources Management

ASSIGNMENT

 

Course Code: MMPC-002

Assignment Code: MMPC-002/TMA/JULY/2022 

Coverage : All Blocks

3. Explain the importance of job analysis, job design, socialization and mobility in Human resource planning citing relevant examples.

Job analysis, job design, socialization, and mobility are critical components of human resource planning. Here's how each of these factors contributes to effective HR planning: Job Analysis: Job analysis is the process of identifying and describing the duties and responsibilities of a job, as well as the knowledge, skills, and abilities required to perform the job effectively. 

Job analysis is important in HR planning because it provides a clear understanding of the competencies that are required for different roles, which can be used to guide recruitment, training, and development efforts. For example, a company may conduct a job analysis of a sales role to determine the specific competencies required for success, such as communication skills, customer service skills, and product knowledge.

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