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66. Globalization can create problems for business because
It can result in more competition
It increases vulnerability to political risk and uncertainty when operating abroad
It means that they can increase the price
All the options are correct
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67. The industrial policy of 1948 aimed at
Industrialization
Growth of agriculture
Development of Infrastructure
Development of Service Sector
68. To determine a country's attractiveness to business require
A detailed analysis of elements in the macro environment
An assessment of the political and financial risks of doing business in that country
An analysis of the competitive environment
All of the above
69. An environment which is increasingly complex and turbulent, displays
More orderly competition
More predictable demand
Reduced risk of product obsolescence
Increased speed of innovation
70. ----- refers to external forces that have a bearing on the functioning of the business.
Environment
Culture
System
None of these
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