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INDIAN SCHOOL OF BUSINESS
MANAGEMENT & ADMINISTRATION
AN ISO 9001 : 2008 CERTIFIED INSTITUTION
SUBJECT:- INTERNATIONAL BUSINESS
MARKS :80
Course : BMS (Bachelors In Management Studies)
Name :
Answer the question in one line.
Q1. How do differences in culture affect in international business? (10 marks)
Answer:In the business world, communication is imperative for the successful execution of daily operations. Understanding cultural differences and overcoming language barriers are some of the considerations people should have when dealing with business with people of various cultures. Often business deals are lost because the parties involved did not take the time to learn about their each others’ cultures prior to interacting.
Customs: When doing business with an affiliate from another country, consider the cultural differences that may be presented. This
Q2. Write a detailed note on foreign direct investment (10 marks)
Answer:A foreign direct investment (FDI) is a controlling ownership in a business enterprise in one country by an entity based in another country.An investment made by a company or entity based in one country, into a company or entity based in another country. Foreign direct investments differ substantially from indirect investments such as portfolio flows, wherein overseas institutions invest in equities listed on a nation’s stock exchange. Entities making direct investments typically have a significant degree of influence and control over
Q3. Explain theory of global competitiveness alignment (10 marks)
Answer:Competitiveness pertains to the ability and performance of a firm, sub-sector or country to sell and supply goods and services in a given market, in relation to the ability and performance of other firms, sub-sectors or countries in the same market. The term may also be applied to markets, where it is used to refer to the extent to which the market structure may be regarded as perfectly competitive. This usage has nothing to do with the extent to which individual firms are “competitive’.
Q4. Explain global human resource management (10 marks)
Answer:Globalization, the process of integrating a business’s operations and strategies across a wide array of cultures, products and ideas, is having an impact on the role of human resource managers. Once concerned with the impact of local issues on employees, human resources must now consider the effects of workforce diversity, legal restrictions and the interdependence between training and professional development on the organization. As such, the five main functions of global human resource management are vital concepts to the strategic operation of a business.
Q5. Explain five features of globalization (10 marks)
Answer:lobalization is about an increasingly borderless world and its societal consequences. The causes of globalization are technological, economic and ideological. The societal consequences are very much in terms of the diminishing capacity of governance by governments and in relation to that the rebound (the counter effects both in terms of attitudes and of institutions) against aspects of globalization; against the dominance of the market (economization), against Americanization and in reaction to the diminishment of quality of life.
Increase in information flows and greater
Q6. What is agricultural & village industry facility in special focus initiatives? (10 marks)
Answer:With a view to doubling our percentage share of global trade within 5 years and expanding employment opportunities, especially in semi urban and rural areas, certain special focus initiatives have been identified for the agriculture, handlooms, handicraft, gems &jewellery and leather sectors.
Government of India shall make
Q7. What is cost & freight (CFR)? (10 marks)
Answer:Cost refers to the cost of goods and freight refers to all other costs relating to all the means of transportation of the goods. It means that the seller must pay the costs and freight necessary to bring the goods to a named port of destination and must also procure marine insurance against the buyer’s risk or loss to the goods during the carriage.C&F stands for cost and freight and is always stated as C&F port of importation. The norm is to state the geographic location of the port of importation. For example, C&F Mumbai, India. In
Q8. What is DDU? (10 marks)
Answer:“Delivered duty unpaid” means that the seller fulfils his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the costs and risks involved in bringing the goods thereto (excluding duties, taxes and other official charges payable upon importation) as well as the costs and risks of carrying out customs formalities. The buyer has to pay any additional costs and to bear any risks caused by his failure to clear the goods for import in time.
Dear students get fully solved assignments
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Call us at : 08263069601
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