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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)
1. Explain the features which
distinguish foreign trade from domestic trade.
Answer: Trade means exchange of goods.
What difference, then, does it make to the theory of trade whether these goods
are made in the same country or in different countries?
Why is a separate theory of
international trade needed? Well, domestic and foreign trade are really one and
the same.
They both imply exchange of goods
between persons. They both aim at achieving increased production through
division of labour.
2. Describe the important theories that
explain the basis of International Trade.
Answer: 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
3. What are the factors determining
terms of trade? Explain.
Answer:
Terms of trade are influenced by a number of factors. Important among them are
given below:
1. Elasticity
of Demand:
The
elasticity of demand for exports and imports of a country influence its terms
of trade. If the demand for a country's exports is less elastic as compared to
her imports, the terms of trade will tend to be favourable because the exports
can command higher price than imports.
On
the other hand, if the demand for imports is less elastic than that for
exports, the terms of trade will be unfavourable.
2. Elasticity
of Supply:
4. Write an essay on International
Monetary Fund.
Answer:
The International Monetary Fund (IMF) is an international organization
headquartered in Washington, D.C., in the United States, of 188 countries
working to foster global monetary cooperation, secure financial stability,
facilitate international trade, promote high employment and sustainable
economic growth, and reduce poverty around the world. Formed in 1944 at the
Bretton Woods Conference, it came into formal existence in 1945 with 29 member
countries and the goal of reconstructing the international payment system.
5. What are the buyers obligation under
Free On Board (FOB)? Explain.
Answer:
6. Write a descriptive account on
consumer behavior and role of marketing.
Answer: Consumer Behaviour refers to the
study of buying tendencies of consumers. An individual who goes for shopping
does not necessarily end up buying products. There are several stages a
consumer goes through before he finally picks up things available in the
market. Various factors, be it cultural, social, personal or psychological
influence the buying decision of individuals.
Marketers need to understand the buying behaviour of
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
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or
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us at : 08263069601
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