International Trade Management-NIBM LASTEST SOLVED ASSIGNMENTS

 

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NIBM GLOBAL

FOURTH SEMESTER MBA

 

Subject : International Trade Management

 

Attend any 4 questions.  Each question carries 25 marks

(Each answer should be of minimum 2 pages / of 300 words)

 

 

 

Question. 1.          Explain  the principal objectives of India's export policy.

 

Question. 2.          What is India Trade Promotion Organisation (ITPO)? Explain.

 

Answer: India Trade Promotion Organisation (ITPO) is the premier trade promotion agency of India, provides a broad spectrum of services to trade and industry and acts as a catalyst for growth of India’s trade. The main Corporate objectives of ITPO are:

 

To promote external and domestic trade of India in cost effective manner by organizing and participating in international trade fairs in India and abroad; organizing buyer-seller meets and contact promotion programmes abroad; conducting overseas market surveys, exchanging and contact promotion programmes abroad; conducting overseas market surveys, exchanging and coordinating visits of business delegations, and undertake need based research to facilitate trade in specific sectors/markets;

To support and assist small and medium enterprises to access markets both in India and abroad;

To disseminate trade information and facilitate E-

 

 

Question. 3.      Export pricing plays an important role in export marketing. Explain.

 

Answer: Price fixed for the export products or services which the exporter intends to sell in the overseas market is called export pricing. Export price of a given product is determined by many factors. There are a number of methods used for the purpose of costing in exports. These methods are divided into three groups.

 

1.       Job or Batch costing;

 

 

Question. 4.          For technological advancement what are the expressions that assure significance by the term export. Explain.

 

 

 

Question. 5.          Discuss the gains from international trade.

 

Answer: International trade confers a good deal of benefits on the trading countries. According to the comparative cost theory, if different countries specialise on the basis of comparative costs of commodities, it would enable them to make optimum use of their resources and thereby add to their output, income and welfare of their people.

 

Gains from trade are broadly divided into two types –

 

 

 

 

 

Question. 6.            Explain the major factors which influence the consumer behaviour.

 

Answer: Consumer behavior is influenced by many different factors. A marketer should try to understand the factors that influence consumer behavior. Here are 5 major factors that influence consumer behavior: 

 

1. Psychological Factors

Human psychology is a major determinant of consumer behavior. These factors are difficult to measure but are powerful enough to influence a buying decision.

 

 

 

25 x 4=100 marks

 

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