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Course : Masters in Business Administration (MBA 4 Sem)
Subject : International Business
Answer the following question.
Q1. How does political atmosphere effects international business ? (10marks)
Answer: The political environment in international business consists of a set of political factors and government activities in a foreign market that can either facilitate or hinder a business’ ability to conduct business activities in the foreign market. There is often a high degree of uncertainty when conducting business in a foreign country, and this risk is often referred to as political risk or sovereign risk.
Common Political Factors
Q2. Which products are majority imports? (10marks)
Answer: Importing and Exporting are means of Foreign Trade. Foreign trade is carried out in goods and services – which includes imports, exports, and the balance of foreign trade – is presented separately for goods and for services. The total imports, exports, and balance of foreign trade are presented as summaries of goods and services.
Exporting refers to the selling of goods and services from the home country to a foreign nation. Whereas, importing refers to the purchase of foreign products and bringing them into one’s home country. Further, it is divided in two ways, which are,
Q3. List out organizations related with international economic environment affiliated with UN. (10marks)
Answer: The United Nations System Organizations cover a wide variety of organizational entities (centres, agencies, organizations, commissions, programmes, etc.) with different institutional and functional structures. The principal organs and subsidiary bodies of the United Nations Secretariat are included under the regular budget of the United Nations, as authorized by the General Assembly. Other agencies of the UN system, however, have their own regular budgets or are financed solely from voluntary contributions. These latter two
Q4. Describe about duty neutralization instruments. (10marks)
Answer: A duty is either a form of taxation or the responsibilities that are held by an individual. A duty can be a tax levied on certain goods, services or transactions. Duties are enforceable by law and are imposed on commodities or financial transactions instead of individuals.
A customs or import duty is a tariff or tax imposed on goods that are transported across international borders. The intent of this form of duty is to provide a form of commerce protection for each country’s jobs, economy,
Q5. What are the corrective measures in India’s foreign trade by the government? (10marks)
Answer: Foreign trade leads to division of labour and specialisation at the global level. There is no shortage of labour in India. That is one of the reasons Indian government promotes and stimulates policies and schemes to expand the Foreign Trade. Let’s see what measures does the government take to support Foreign Trade.
The government of India initiates different incentives and plans to help business firms enhance the competitiveness of their exports. The
Q6. Discuss polycentric approach to globalization. (10marks)
Answer: Four priorities for succeeding in a “polycentric” world
1. Redefine global and local
The need for local relevance is demanding greater decentralization. Leading companies are adopting a more balanced approach whereby local autonomy is combined with globally consistent strategic direction, a shared corporate culture and set of values. This allows companies to draw upon capabilities and resources from anywhere in the world.
Q7. Explain International Trade Theory (10marks)
Answer: What Is International Trade?
International trade theories are simply different theories to explain international trade. Trade is the concept of exchanging goods and services between two people or entities. International trade is then the concept of this exchange between people or entities in two different countries.
People or entities trade because they believe that they benefit from the exchange. They may need or want the goods or services. While at the surface, this many sound very simple, there is a great deal of theory, policy, and business strategy that
Q8. What are the different dimensions of economic environment? (10marks)
Answer: Dimensions of business environment (or macro environment or general environment) have the following important factors:
(1) Economic Environment
Among the various factors of macro
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