Study & Evaluation Scheme Of Bachelor of ... - IFTM University

IFTM University, Moradabad
Bachelor of Commerce (B.Com Hons.) Programme
BCOM: 203 BUSINESS ENVIRONMENT Max. Hours: 40
UNIT I
The concept of Business Environment, Significance and Nature, Environment Scanning:
Meaning, Nature, Scope, and Process, Interaction between internal and external environment;
Overview of Political, Socio-cultural, Legal, Technological and Global environment
UNIT II
Capitalistic Economy (Characteristics, merits, demerits); Socialistic Economy (Characteristics,
merits, demerits); Mixed Economy (Characteristics, merits, demerits); Social Responsibility of
business enterprises; Public Sector and Private Sector with their changing roles.
UNIT III
An introduction to MRTP, FEMA, Consumer Protection Act; Monetary policy and Fiscal policy;
RBI-Role and functions
UNIT IV
Philosophy and strategy of planning in India; Economic Environment after Globalization: The
New Economic Policy, GATT and WTO- Objectives, Function and Principles of Globalization.
Suggested Readings:
1. Mishra S K & Puri V K - Economic Environment of Business (Himalaya Publishing House,
3rd Edition).
2. Paul Justin - Business Environment Text and Cases (Tata Mc Graw Hill).
3. Shaikh & Saleem - Business Environment (Pearson, 1st Edition)
4. Suresh Bedi - Business Environment (Excel Books, 1st Edition).
5. Francis Cherunilam – Business Environment, Text and Cases (Himalaya Publishing House,
8th Edition).
6. Adhikari M, Economic Environment of Business, S Chand, 2000.