Subject : International Business

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AEREN FOUNDATION’S                                                           Maharashtra Govt. Reg. No.: F-11724

 

Name :Veerthapa                                                                                                                              Marks : 80

Course : Masters in Business Administration (MBA 4 Sem)

Subject : International Business

                                                                        

Answer the following question.

Question.1. Discuss polycentric approach to globalization. (10 marks)

Answer:4 priorities for succeeding in a “polycentric” world

1. Redefine global and local

The need for local relevance is demanding

Question.2. IT is an indicator of the maturity of market here financial express” comment. (10 marks)

Answer:One of the reasons why insurance industry is unable to realise its full growth potential in India is because of below-par customer experience. This is a worldwide phenomenon. Insurers everywhere find that it is not enough to provide efficient customer services. A lot depends on customer experience which is the sum total of all experiences of the customers about an insurance company, including customer servicing. Capgemini World Insurance Report, 2015 has been able to discover a clear quantifiable relation

Question.3. Explain exports of goods services in foreign exchange management act1999.(10 marks)

Answer:The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed in the winter session of Parliament in 1999, replacing the Foreign Exchange Regulation Act (

Question.4. What are the features of international business ? (10 marks)

Answer:Business Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. It permits the lower level management to deal with the problems and issues without consulting top level management every time for decisions.

Business policies are the guidelines developed by an organization to govern its actions. They define the limits within which decisions must be made.

Question.5. Write down the reasons for investing in foreign markets. (10 marks)

Answer:Chances are, right now you are surrounded by things that were invented, assembled, or grown outside the United States. We’ve become very accustomed to buying goods from other countries. There’s no reason why we shouldn’t also purchase investments from outside the U.S., as well. In fact, there are plenty of arguments for how you’ll be wealthier for doing so. Here are four of them.

Question.6. Write a note on evolution of International Monetary System. (10 marks)

Answer: International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable buyers and sellers of different nationality, including deferred

Question.7. How does political atmosphere effects international business ? (10 marks)

Answer:The political environment in international business consists of a set of political factors and government activities in a foreign market that can either facilitate or hinder a business' ability to conduct business activities in the foreign market. There is often a high degree of uncertainty when conducting business in a foreign country, and this risk is often referred to as political risk or sovereign risk.

Question.8. Explain the role of international marketing research. (10 marks)

Answer:"Marketing research does not make decisions and it does not guarantee success". Marketing managers may seek advice from marketing research specialists, and indeed it is important that research reports should specify alternative courses of action and the probability of success, where possible, of these alternatives. However, it is marketing managers who make the final marketing decision and not the researcher. The second observation, that marketing research does not guarantee success, is simply a recognition of the

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