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Xaviers Institute of Business Management Studies

 

                                            

 SUBJECT: INTERNATIONAL BUSINESS

 

 

                                                                                                        Total Marks; 80

                                                  

 

 

 

PART A --- (10 MARKS EACH)  

 

          

Answer any FIVE questions.

 

Question. 1)   What is meant by Technology? What is its influence on business?

Answer : Technology refers to the tools, machines, techniques, and processes used to create, develop, and improve products, services, and systems. The influence of technology on business has been immense and has brought about significant changes in the way businesses operate.

 

One of the main influences of technology on business is automation. With the advancement of technology, businesses can automate many of their processes, which leads to increased efficiency and reduced costs.

 

 

 

Question. 2)   What are the functions of WTO?

 

Answer : The World Trade Organization (WTO) is an international organization that regulates and facilitates global trade. It was established in 1995 and replaced the General Agreement on Tariffs and Trade (GATT). The functions of the WTO are as follows:

 

1.      Administering WTO trade agreements: The WTO oversees the implementation and enforcement of various trade agreements negotiated among its member countries. These agreements cover a wide range of issues, including tariffs, non-tariff barriers, subsidies, intellectual property, and dispute settlement.

 

2.      Providing a forum for

 

 

 

Question. 3)   What is international business environment?

 

Answer : International business environment refers to the external factors that affect the operations of businesses operating in global markets. It includes political, economic, socio-cultural, technological, legal, and environmental factors that influence the business environment across national borders.

 

The political factors that affect international business environment include government stability, political ideology, regulations, and policies that can either facilitate or inhibit trade. For instance, policies such as trade tariffs, export/import regulations, and investment policies may have a significant impact

 

 

 

Question. 4)   How cultural factors do influences international business?

 

Answer : Cultural factors play a significant role in shaping international business. These factors include the values, beliefs, customs, traditions, language, and religion of the people living in different countries. They can significantly affect the way business is conducted in different parts of the world. Some of the ways cultural factors influence international business are:

 

1.      Communication: Language and communication styles vary across cultures. A company that operates internationally needs to be able to communicate effectively with people from different cultures.

 

 

 

 

Question. 5)   State the importance of business ethics?

 

Answer : Business ethics refers to the set of moral principles and values that guide the behavior of businesses and individuals within the business environment. The importance of business ethics can be understood from the following perspectives:

 

1.      Reputation and trust: Business ethics is important for building and maintaining a good reputation and gaining the trust of stakeholders. Companies that operate with integrity and ethical values are more likely to attract customers, investors, and employees.

 

2.      Legal compliance: Adherence to

 

 

 

 

Question. 6)   What are the different dimensions of economic environment?

 

Question. 7)   What are the steps taken by government to improve FDI?

 

Question. 8)   What are the functions of UNO?

 

 

 

 

 

 

 

PART B ---- (15 marks EACH)

 

Answer any 2 questions.

 

Question. 1)   Foreign investment is necessary aid for developing countries like India” –Discuss.

Answer : Foreign investment is the investment made by a foreign entity in a business venture in another country. For developing countries like India, foreign investment can be a vital source of capital, knowledge, and technology. Foreign investment can take different forms such as direct investment, portfolio investment, and foreign aid.

 

Here are some of the reasons why foreign investment is important for developing countries like India:

 

 

 

 

Question. 2)   Discuss in detail the environmental factors that affect a business.

Answer :

 

 

Question. 3)   What is privatization? What are its merits and limitations?

 

Answer :  Privatization refers to the process of transferring ownership and control of government-owned assets and services to the private sector. It is often implemented as a measure to improve the efficiency and effectiveness of public services and to reduce the burden of government on the economy. The merits and limitations of privatization are as follows:

 

Merits of Privatization:

 

 

 

 

Question. 4)   What are the role and functions of WTO in international relations?

 

Question. 5)   ‘The changes taking place in socio-cultural environment in India is a boon for businesses---- Discuss. Explain the challenges of globalization of Indian industries.

 

Question. 6)   Describe the factors which are affecting the growth of international business.

 

 

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