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The latter two portions are entirely comprised of questions rather than responses. The solutions to those questions can be found in the IGNOU-provided study materials. To earn high scores and breeze through your test, you must also master these questions.
An Overview of IGNOU MMPC-3 Syllabus
The term “environment” refers to the sum total of all external and uncontrollable elements affecting particular commercial organisations and their management. The macro-context is provided by the environment, while the micro-context is provided by the business entity. Environmental considerations are essentially the “givens” that businesses and their management must work within. For example, the social value system, the government’s rules and regulations, the central bank’s monetary policies, the country’s institutional structure, the leaders’ ideological beliefs, and the attitude toward foreign capital and enterprise all contribute to the environment system in which a business firm operates.