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DRIVE-Summer 2015
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SUBJECT CODE
&NAME-MB0053 –International Business Management
Q1.
“The world economy is globalizing at an accelerating pace”. Discuss this
statement and list the benefits of globalization.
(Discuss
the statement-6, Listing the benefits-4) 10 marks
Ans.
The
world economy is globalizing at an accelerating pace
The world economy is globalizing
at an accelerating pace. Countries that were previously closed to foreign
companies have now opened up their markets. Internet has made the world a
smaller place. All these factors have contributed to the growth of
international business. International business operates under different
economic, political, and legal environments. There are various theories that
are considered when companies deal with business internationally. When a
company deals internationally, it interacts with people from various cultures
across the world. Hence, culture is an important aspect in in
Q2.
Hofstede said “Culture is more often a source of conflict than of synergy”.
Discuss this statement and explain the five cultural dimensions.
(Views
on statement, 5 cultural dimension)
Answer:
Professor Hofstede carried out a
detailed study of how values in the workplace are influenced by culture. He
worked as a psychologist in IBM from 1967 to 1973. At that time he gathered and
analysed data from many people in several countries. Professor Hofstede
established a model using the results of the study which identifies four
dimensions to differentiate cultures.
Q3.
Regional
integration is helping the countries in growing their trade. Discuss this
statement. Describe in brief the various types of regional integrations.
(Regional
integration-3,
types-7) 10 marks
Answer.
Regional
integration
Regional integration can be
defined as the unification of countries into a larger whole. It also reflects a
country’s willingness to share or unify into a larger whole. The level of
integration of a country with other countries is
Q.4:
Write short note on: 10 marks (5 each)
a)
Foreign currency derivatives
b)
Bases of international tax systems
Answer:
a)
Meaning and role of foreign currency derivatives
Currency derivative is
Q.5:
Strategic planning involves allocation of resources to firms to fulfill their
long term goals. What are the types of strategic planning? Compare Top-down Vs
Bottom-up planning.10 marks (5 each)
Types
of strategic planning
Top-down
vs. bottom-up Planning
Answer:
Types
of strategic planning:
Any business plan can be
classified into three types.
They are:
Strategic planning: This planning process is the best
among the three business planning processes. It is a long-term process that the
business owners utilize to unveil their business’ vision and mission. It also determines
a gateway for business owners for achieving their goals. Strategic planning
fulfills the mission and the overall goals of the firm.
Whereas, the other two are
Q6.
Discuss the
various payment terms in international trade. Which is the safest method and
why?
(The
modes of payment-8, Safest mode-2) 10 marks
Answer.
Various
payment terms and payment methods in international trade
Since international trade deals
with exchange of goods, there are various ways in which the payment terms
(finance) will be handled. Bothe seller and trader should be careful about the
method of payment as they are at different locations and transactions happen
without face-to-face interaction. There are four methods of payment for the international
transactions. This
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