Reason for International Business
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Explain the problems of international business.
Point out any four disadvantages of international trade for the underdeveloped and developing countries.
What is IMF? Discuss its various objectives and functions.
"International business is more wider term than international trade". Comment.
What do you mean by non-economic activities ?
What do you mean by exporting and importing? Discuss its merits and limitations.
International trade takes place because of unequal distribution of resources.
False
True
Identify various organisations that have been set up in the country by the government for promoting country's foreign trade.
all of the above to make the good relatively more expensive to deter the demand for imports
to encourage domestic consumption
What are the different types of international business ?
List any two problems of international trade.
What do you mean by export?
Give two objectives behind export trade?
How does international trade differ from internal trade in terms of currency involved ?
China is a major producer of electronic goods at very low cost as compared to India. Discuss the benefits that India will derive if it enters into a trade agreement with China for electronic goods.
An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade.
True
False
In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad?
Mention first two steps involved in an export transaction.
When Donald Trump became the president of the United States, as a part of his immigration policy, he placed restrictions on the issue of H-1B visas which allows US employers to employ foreign workers in speciality occupations. This policy has affected many Indian IT firms like Infosys and Wipro that are located in the US because they hire many immigrants from India for cheap and skilled labour.
What characteristic trait of international business is highlighted here?
Mobility of Factors of Production
Business Regulation and Policies
Political System and Risks
None of the above
A country can produce a surplus of those products or services and export them to other countries. Similarly, it can import the goods or services which it is deficient in. This pattern of expertise based on territory provides a strong incentive for international trade. Hence, we could say that international business evolved as a result of
Globalisation
Geographical specialisation
Easy mobility of labour and capital
None of the above
Trade in goods includes services, capital transfers, and foreign investments.
True
False
Mention the common faced by traders in international trade.
What is the name of Nikhil's company?
gamma
dot
totem
iota
- one
- two
- zero
What is meant by Export Trade ?
There is involvement of more than one currency in which of the following trade:
International trade
None of the above
Internal trade
Domestic trade
Any service can be treated as the export of service when which of the following condition/s are met?
- The provider of service is in India except the state of Jammu and Kashmir
- The recipient is located outside India
- When Both A and B are met
- None
- Free-trade agreement with France
- North American Free Trade Agreement
- Order imposing sanctions on Japanese trade with the United States
- Dayton Accord
- Agreement to establish multinational companies
In liberalised economies, international trade is not subject to policies and regulations and can be carried out freely.
True
False
