Subject :International Business

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Name :LeemaNoori                                                                                                            Marks : 80

Course :Bachelors in Management Studies (BMS)

Subject :International Business

Answer the following question.

Question.1. How cultural factors do influences international business? (10 marks)

Answer:International business deals not only cross borders, they also cross cultures. Culture profoundly influences how people think, communicate, and behave. It also affects the kinds of transactions they make and the way they negotiate them. Differences in culture between business executives—for example, between a Chinese public sector plant manager in Shanghai and a Canadian division head of a family company

Question.2. What are the role and functions of WTO in international relations? (10 marks)

Answer:function of wtoThe World Trade Organization (WTO) is an organization with the intention of liberalizing and supervising international trade. The organization deals with trade regulation between countries. The functions of the World Trade Organization (WTO) was formed officially on the first of January in 1995 under the Marrakesh Agreement with goals of liberalizing and supervising international trading among countries participating. A framework is provided by the WTO to negotiate and formalize agreements of

Question.3. Explain public sector undertaking of export promotions. (10 marks)

Answer:Since 1948, when for the first time the importance of the public sector in the Indian economy was recognized, the public sector has experienced a phenomenal growth both in terms of number and volume of investment. The Government has made sustained efforts to break the vicious circle of poverty and undevelopment by setting up public sector enterprises or by nationalizing certain key industries. The most recent instances are the

Question.4. What is DDU? (10 marks)

Answer:DDU was not included in the 2010 publication of the International Chamber of Commerce's Incoterms, however it is still used in international trade parlance. The official term that best describes the function of DDU is now Delivery At Place or (DAP).

DDU is an international trade where the seller is responsible for making a safe delivery of goods to a named destination, paying all transportation expenses and assuming all risks during transportation except for the duty once it arrives to port. When the goods

Question.5. Describe ten strategic policies for IT industry. (10 marks)

Answer:The industrial policy of a country, sometimes denoted IP, is its official strategic effort to encourage the development and growth of part or all of the manufacturing sector as well as other sectors of the economy. The government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation." A country's infrastructure (transportation, telecommunications and energy

Question.6. How would you categorise International Business Risk ? (10 marks)

Answer:Businesses face all kinds of risks, some of which can cause serious loss of profits or even bankruptcy. But while all large companies have extensive "risk management" departments, smaller businesses tend not to look at the issue in such a systematic way.

So in this four-part series of tutorials, you’ll learn the basics of

Question.7. What are the factors that affect international pricing ? (10 marks)

Answer:Pricing decisions are complex in international marketing. A firm may have to follow different pricing strategies in different markets. Whatever might be the strategy followed, pricing has to reflect the proper value in the eyes of the consumer. Pricing is an important strategic and tactical competitive weapon that can be used by a firm in international marketing.

Question.8. How does IHRM affect the staffing policy of a company ? (10 marks)

Answer:Small businesses are expanding into international markets due to improvements in technology and increasing globalization. This expansion includes setting up production facilities and sales offices abroad. To reduce the perceived risk in these new ventures, companies may be tempted to adopt an ethnocentric approach to their HR

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