3rd Set
Solved
assignments for Rs.150 each
08627023490
Fall-2013
Master of
Business Administration - MBA Semester 4
MB0053–International
Business Management-4 Credits
(Book ID:
B1724)
Assignment
(60 Marks)
Note: Answers
for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Discuss Porter’s diamond model
for international trade.
Answer. Porter's
diamond model suggests that there are inherent reasons why some nations,
and industries within nations, are more competitive than others on a global
scale. The argument is that the national home base of an organization provides
organizations with specific factors, which will potentially create competitive
advantages on a global scale.
1. Factor Conditions
Factor
conditions include those factors that can be exploited by companies in a given
nation. Factor conditions can be seen as advantageous factors found within a
country that are subsequently build upon by companies to more
Q2. Evaluate the importance of
political stability for conducting international business. What is political
risk?
Answer. Political stability can be defined as the state of peace
that is experienced in a country, thanks to the activities of the government.
The government in this case makes decisions keeping in mind the best interests
of the people.
“Without
political stability our economies cannot grow and stronger economies will help
us to achieve greater political stability. We need to strengthen ECOWAS by
strengthening our individual countries economically and politically. We must
Q3. Discuss the role of WTO in
international trade. Explain any 2 major agreements in WTO.
Answer. The World Trade Organization
(WTO) is an
organization that intends to supervise and liberalize international trade. The
organization officially commenced on 1 January 1995 under the Marrakech
Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which
commenced in 1948. The organization deals with regulation of trade between
participating countries; it provides a framework for negotiating and
formalizing trade agreements, and a dispute resolution process aimed at
enforcing participant's adherence to WTO agreements, which are signed by
representatives of member governments and ratified by their parliaments.
One of the
most important functions of WTO is to serve as a forum for trade negotiations
since international negotiations are very
Q4. Write short note on:
a) Strategic planning
b) Ethical convergence
Answer.
(a) Strategic management is the comprehensive collection of
ongoing activities and processes that organizations use to systematically
coordinate and align resources and actions with mission, vision and strategy
throughout an organization. Strategic management activities transform the
static plan into a
Q5. Explain in various modes of
payment in international trade. Discuss the role of letter of credit in the
same.
Answer. Some of the popular modes of
payment are:-
1.
Prepayment via telegraphic transfer
This method
is favorable to the exporter. The importer sends the payment through a bank
after accepting an order and before the goods is shipped. It is usually
remitted by international funds transfer (telegraphic transfer). Although the
easiest and cheapest form of payment, telegraphic transfer is typically used to
receive samples or low volume order by air.
Q6. Explain the various modes of
entry in international business which could be used a part of strategy to enter
foreign market.
Answer. Entry Strategies in Foreign
Markets:
1. Indirect
export
The
market-entry technique that offers the lowest level of risk and the least
market control is indirect export, in which products are carried abroad by
others. The firm is not engaging in international marketing and no special
activity is carried on within the firm; the sale is handled like domestic
sales.
3rd Set
Solved
assignments for Rs.150 each
08627023490
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