MBA402/MB0053 –International Business Management

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ASSIGNMENT

DRIVE	SPRING 2019
PROGRAM	MASTER OF BUSINESS ADMINISTRATION- MBA
SEMESTER	Semester 4
SUBJECT CODE & NAME	MBA402/MB0053 –International Business Management
BK ID	B1724
CREDITS & MARKS	4 CREDITS, 60 MARKS

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1. Define international Business? What are the various factors affecting international Business?

Answer: International business:  International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.

International business occurs in many

Q2.  Explain detail structure of WTO with diagram?

Answer: WTO: World Trade Organization (WTO). WTO was established on 1st January 1995. In April 1994, the Final Act was signed at a meeting in Marrakesh, Morocco. The Marrakesh Declaration of 15th April1994 was formed to strengthen the world economy that would lead to better investment, trade, income growth and employment throughout the world. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT

Q3. Write a short note on international regulatory bodies.

European Union

Answer: European Union: The EU represents one in a series of efforts to integrate Europe since World War II. At the end of the war, several western European countries sought closer economic, social, and political ties to achieve economic growth and military security and to promote a lasting reconciliation between France and

United Nations:

Answer: United Nations: The United Nations (UN) is an international organization formed in 1945 to increase political and economic cooperation among its member countries.

Almost every country in the world is represented in the UN, including the U.S. A few states lack membership despite exercising de facto sovereignty, either because most of the international community does not recognize

OECD

Answer: OECD:  The Organization for Economic Cooperation and Development (OECD) is a unique forum where the governments of 34 democracies with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable

IASC

Answer: IASC: The International Accounting Standards Committee (IASC) was formed in 1973 through an agreement made by professional accountancy bodies from Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland, and the United States of America.

IFA

Answer: IFA:  The International Fiscal Association (IFA) was established in 1938 as the only non-governmental and non-sectoral international organisation dealing with fiscal matters. Its headquarters are in the Netherlands The objectives of IFA are the study and advancement of international and c

Q4.  What are the four methods of payment for the international Transactions?

Answer: Methods of payment for the international Transactions:

There are plenty of international paying methods for importers and exporters across the globe.

The main international payment methods used around the world today include:

·       Cash in Advance

Q5. Explain in detail about short term credit and long term credit.

Answer: Short term credit:  Like many banking and accounting terms, short-term credit is often misunderstood and misused. To a bank, short-term credit is a generic term for a revolving line of credit granted to a business or an individual, or a fixed loan with a term of one year or less. On your financial statement, the section labelled short-term credit (or notes) refers to the amount of debt you have to pay off within the next 12 months, even if it is part of a long term loan. The deciding factor on whether a loan is considered short term is when it expires.

Short-Term Credit Purposes: Short-term credit is

Q6.  What are the various advantages of global sourcing?

Answer: Global sourcing: Global sourcing is a procurement strategy that aims to take advantage of global efficiencies for the delivery of goods and services. For MNCs, it has become a strategic sourcing in today’s competitive setting. Some popular examples of globally sourced goods and services are: labour-intensive goods produced in China at low production cost, BPOs staffed with low cost English proficient people in India, and IT (software and hardware) tasks performed by Indian and Eastern European low cost programmers. These examples particularly relate to low cost country specific sourcing but the scope and definition

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