IB0017–International Business Environment and International law

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Spring 2013

Master of Business Administration- MBA Semester 3

IB0017–International Business Environment and International law- 4 Credits

(Book ID: B1414)

Assignment Set - 1 (60 Marks)

Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions.

Q1. Discuss the features of international business environment. Why is it necessary for businesses to closely analyze the international environment?

Answer. International Business is all commercial Transaction Between two or more countries private companies undertake such transaction these transaction includes sales investment transportation Etc

There is some Different character of international business

1. Separation of producer from buyer.

2. Payment In foreign Currency

Q2.What are the basic principles of an international business contract?

Answer. International contract law concerns the legal rules relating to cross-border agreements. When parties from different countries enter into a contract, they are governed by international contract law unless they agree to abide by the laws of one of the countries. It is frequently applied to international sales contracts.

This type of contract law is broadly based on the idea of good faith and fair dealing in contracts. These principles are the basis of contract law in most

Q3. Differentiate between arbitration, litigation and mediation.

Answer. Litigation

Refers to the discovery, pre-trial, law and motion, settlement, and trial phases of a business dispute when a complaint is filed with any court, from small claims court all the way to the Supreme Court. Documents filed as a part of litigation become part of the public records and are therefore available to the public, which includes individuals, other businesses, such as your competitors, and the press. This can be an important consideration in some situations. The outcome, or final judgment of a court of law, is binding on both parties. However, in some cases, a matter may be appealed to a higher court.

The cost of the courts and judges is paid for by the tax payers and is offset by filing fees. The rules of civil procedure to be applied in the

Q4. What do you mean by international taxation and double taxation? What are the vital elements and principles of taxation?

Answer. Double taxation is the levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). This double liability is often mitigated by tax treaties between countries.

The term 'double taxation' is additionally used, particularly in the USA, to refer to the fact that corporate profits are taxed and the shareholders of the corporation are (usually) subject to personal taxation when they receive dividends or distributions of those profits.

International taxation is the study

Q5. Define licensing and its regulation in the international trade. What is the difference between the licensing and Franchising?

Answer. Written contract under which the owner of a copyright, know how, patent, servicemark, trademark, or other intellectual property, allows a licensee to use, make, or sell copies of the original. Such agreements usually

Q6. Write short notes on:

(a) Effective negotiation

(b) Sale of Goods Act

Answer. (a) One of the essential skills for any entrepreneur is negotiation. How well you can negotiate a favourable agreement or deal for your business can often spell the difference between failure and success. Negotiation can occur between you and your employees, your vendors, your customers, or even your investors. Despite the possible sense of intimidation or distaste many business owners might have around negotiating, it is a

(b) Sale of Goods Act (with its variations) is a stock short title used for legislation in the United Kingdom relating to the sale of goods.

The Bill for an Act with this short title will have been known as a Sale of Goods Bill during its passage through Parliament.

Sale of Goods Acts may be a generic name either for legislation bearing that short title or for all legislation which relates to the sale of goods.

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