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International Business
Q1. “War between Russia and Ukraine is not only affecting trade of these two countries but
entire Global Business.” –
In
the light of above statement analyze International Business Environment. (10
Marks)
Answer 1.
Introduction
The
business primarily based on an international platform is related to the
contiguous on whom various global companies are strolling their all business.
Those business platforms relate to the link between numerous nations and their
all territories, and their all business culture creates the international
business environment. The enterprise surroundings are stricken by diverse
social, cultural, monetary, and no secular issues. Within the case of a fight
or war among countries like Russia and Ukraine, the
2. “Documentary Letter
of Credit collection method is the most popular mode of collecting payment by
the exporters” – Analyse the statement.
How is an irrevocable L/C different from back to back L/C? (10 Marks)
Answer 2.
Introduction
The
process of documentary letter of credit collection is away. On this approach,
the exporter's bank requests the importer's bank by sending the info of the
files of the transaction and the products lists. The bank of importer here
issues the authority the L/C or letter of credit. The method continually
enables the import and export process to be safe and comfortable. There are
various types of L/C, and they are Revocable and irrevocable LC, including the
confirmed and
Q3. In early 2000, “United Colors
of Benetton”, The Italian Casual Wear Brand decided to restore it’s lost sales
through a shift in strategy. They decided to allow the country managers to
adapt the product offers and rework on the marketing strategies. Products were
redesigned keeping in view the physical differences among various contries
customers. Regional flavours were added in product features and communication
specially when more than 50% business started coming from emerging markets.
a. How does the Brand “United
Colors of Benetton” demonstrate the Globalisation of markets? (5 Marks)
Answer 3a.
Introduction
The
world economy has been given all independence thru the technique of
globalization. Globalization approaches the buying and selling of numerous
products within the global or worldwide marketplace, taking a stand within the
competitive edges. Globalization has given
b. Do you think that this strategy
is appropriate for emerging markets?
(5 Marks)
Answer 3b.
Introduction
Within
the growing marketplace, globalization brings more significant challenges and
more opposition. Various domestic companies are getting extra innovative and
modern to fight the issues. The rising markets use those natural sources which
are less pricey. The rising markets in
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