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DRIVE
SUMMER
2016
PROGRAM
MBA
SEMESTER
4
SUBJECT
CODE & NAME
IB0017
–INTERNATIONAL BUSINESS ENVIRONMENT AND INTERNATIONAL LAW
BK
ID
B1909
CREDIT
& MARKS
4
CREDITS, 60 MARKS
Q.1:
Which are the important factors affecting economic environment? Discuss.
Explain
the factors
ANS:
Explain
the factors:
The economic environment has much to do
with the scope of business, business prospects and business strategy. The
nature and level of development of the economy, economic resources, size of the
economy, economic system and economic
Q.2:
Explain the relationship between law, business and international law. How is
international law considered to be mixed in nature?
Explain
the relationship
International
law
ANS:
Explain
the relationship:
Law and business are essential
components for successful running of companies in the public and private
spheres. In a way, business is more related to law as it is regulated by laws,
for instance, the Contract Law, Corporate Law
Q.3:
What are the laws regarding carriage of goods by sea? What the related
liabilities of international carriage of cargo? Carriage of goods by sea
International
carriage of cargo
ANS:
Carriage
of goods by sea:
In the late 19th century, British
carriers exploited their commercial position by inserting clauses in their
bills of lading thereby exonerating themselves from liability for cargo damage
caused by their negligence. To avoid the targeting of the
Q.4:
Write short notes on:
a.
Export cartels
b.
Customs and tariffs
ANS:
a.
Meaning and role of export cartels:
A cartel is said to exist when two or
more enterprises enter into an explicit or implicit agreement to fix prices, to
limit production and supply, to allocate market share or sales quotas, or to
engage in collusive bidding or bid-rigging in one or more markets. So an
important dimension in the definition of cartel is that it requires an
Q.5:
How does the TRIPs agreement protect IPRs? What are the seven intellectual
properties defined in TRIPs?
TRIPS
and IPRs
7
intellectual properties
ANS:
TRIPS
and IPRs:
The Trade Related Aspects of
Intellectual Property Rights (TRIPS) is considered a controversial outcome of
the UR. TRIPs, in conjunction with TRIMs and services were known as the new
issues discussed in the UR. Intellectual
Q.6:
Which are the various kinds of investment treaties and how do they function?
Meaning
of Investment treaties
Kinds
ANS:
Meaning
of Investment treaties:
The desire to attract foreign investment
has led most countries, especially developing countries, to adopt policies that
are designed to create a favourable investment climate. An important part of
these policies are legal safeguards. These legal safeguards include the
stability of the legal conditions under which an investor can operate, the
quality
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