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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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