MBA– 109 - INTERNATIONAL BUSINESS - JNU MBA SOLVED ASSIGNMENTS

 

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JAIPUR NATIONAL UNIVERSITY, JAIPUR

 

School of Distance Education & Learning

Internal Assignment No. 1

 

Master of Business Administration

 

 

Paper Code:    MBA– 109

 

Paper Title:     INTERNATIONAL BUSINESS

 

Last date of submission:                                                                                             Max. Marks: 30

 

 

 

Note: Question No. 1 is of short answer type and is compulsory for all the students. It carries 1 Mark each.

 

Q. 1. Answer all the questions:

 

         i.            What is the difference between global and international business?

Answer : There are many examples of global companies doing business around the world, such as Apple, Amazon and the China Construction Bank. "Global business," however, means much the same thing as "international business". It's quite distinct from globalization.

 

International

 

 

       ii.            State the difference between centralized and decentralized structure.

Answer :

 

 

 

     iii.            What is balance of payment?

 

Answer : The balance of payments (BoP) records all economic transactions in goods, services, and assets of the country with the rest of the world for a specified time period, usually a year. In simple terms, it is a systematic accounting balance sheet of the country and

 

 

 

 

     iv.            Write any two barriers of international business?

Answer : Cultural and social barriers:

A nation’s cultural and social forces can restrict international business. Culture consists of a

 

 

       v.            Write any two importance of logistic management?

Answer : An effective logistics management operation should yield 4 key results:

(i)                  Increase revenue

(ii)                Improve operating cost structure

 

 

 

     vi.            Write any two motivating factors of international business.

Answer : Growth and Profitability - A lot of companies turn to global markets for growth.

Economics of Scale - Expanding size and scope of markets help to achieve economies of

 

 

    vii.            Define small scale industry?

Answer : Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act, 2006. The act categorizes different scale of industries on the basis of investment in plant & machinery in case of manufacturing

 

 

  viii.            What is FDI?

Answer : Foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. Generally, FDI takes place when

 

 

     ix.            Write any two characteristics of ethnocentrism.

Answer : Ethnocentrism is the term anthropologists use to describe the opinion that one’s own way of life is natural or correct. Some would simply call it cultural ignorance. Ethnocentrism means that one may see his/her own culture as the correct way of living. For

 

 

 

 

 

       x.            What is trade block?

Answer : Historic trading blocs include the Hanseatic League, a Northern European economic alliance between the 12th and 17th centuries, and the German Customs Union, formed on the basis of the German Confederation and subsequently the German Empire from 1871.

 

 

 

 

Note: Answer any four questions. Each question carries 5 marks (Word limits 500)

 

Q. 2. Explain the economic and political environment which effect international business.

ECONOMIC ENVIRONMENT

 

Answer : Consumer Confidence

Consumer confidence is an economic indicator that measures overall consumer optimism about the state of the economy. Confident consumers tend to be more willing to spend money than consumers with low

 

 

Q. 3. Explain global business planning system in detail.

 

Answer : Global business plans resemble local and regional business plans in format. Global business plans differ from other business plans by serving as a company's communications vehicle for its global operations. Components of a global business plan, which differ from other focus on global customers, global pricing and currency issues, and international market legal factors, to name a few distinctions listed by Allegro Invest. The University of Houston Small Business Development Center

 

 

 

Q. 4. Discuss the various factors of marketing strategy in international market.

 

Answer : International marketing means making decisions for your marketing mix based on potential markets outside of your company’s home market. Some would call it the coordination of marketing strategies by a company that are necessary to sell goods or services in a foreign marketplace.

 

 

 

 

 

Q. 5. Explain various stages of international business.

 

Answer : Stage 1: Domestic-market establishment The domestic market is often an appropriate place to test products and fine-tune performance before tackling the complexities of international trade. It can also give a good indication of performance.

 

Stage 2: Export research and planning When companies begin trading abroad, they often target a

 

 

Q. 6. Write various limitations of international logistics management.

 

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