Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
National Institute of Business Management
Chennai – 020
FOURTH SEMESTER MBA
Subject: International Trade Management
Attend any 4 questions. Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)
Question1.How does foreign trade enable nations to improve economic welfare? Explain.
Question2.Explain International Trade.
Answer: International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to
Question3.What is the basic factor in International Marketing which promote economic well-being and paves the way for increasing national income?
Answer: International marketing may be defined as an activity related to the sale of goods and services of one country in the other, subject to the rules and regulations framed by the countries concerned. In simple words, it refers to marketing activities and operations among the countries of the world following different political and economic systems.
International marketing is marketing abroad i.e., beyond the political boundaries of the country. International marketing brings countries closer due to economic needs and facilitates understanding and co-operation among them.
Definitions Provided by Eminent Authors: Philip Kotler, J.B. Mckitterick, Hess and Cater
Question4. Explain the factors determining terms of trade.
Answer: The terms of trade of a country are influenced by a number of factors which are discussed as under:
- Reciprocal Demand: The terms of trade of a country depend upon reciprocal demand, i.e. “the strength and elasticity of each country’s demand for the other country’s product”. Suppose there are two countries, Germany and England, which produce linen and cloth respectively.
Question5.Explain the effects that WTO and its policies that have in India.
Question6.What is a Foreign Exchange Market? Explain.
Answer: The foreign exchange market (also known as forex, FX, or the currencies market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants in these markets can buy, sell, exchange, and speculate on the relative exchange rates of various currency pairs.Foreign exchange markets are made up of banks, forex dealers, commercial companies, central banks, investment management firms, hedge funds, retail forex dealers, and investors.
25 x 4=100 marks
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601