Question:
What is international business? How is it different from domestic business?
Answer:
International business refers to business which is carried on in two or more nations. It means carrying on business activities beyond national boundaries. These activities normally include the transaction of economic resources such as goods, capital, services (comprising technology, skilled labour, and transportation, etc.), and international production. It refers to that business activity that takes place beyond the geographical limits of a country. Production may either involve production of physical goods or provision of services like banking, finance, insurance, construction, trading, and so on. Thus, international business includes not only international trade of goods and services but also foreign investment, especially foreign direct investment.
Differences between International Business and Domestic Business are summarised below:
International Business I
Q 1.
What is the share of India's exports in world exports?
Q 2.
What are the major items that are exported from India?
Q 3.
Explain different forms of Joint Ventures.
Q 4.
Reebok orders for footballs to local manufacturers of Ludhiana and then sells it all over the world. It is an example of what?
Q 5.
List the major countries with whom India trades.
Q 6.
State the important changes being observed in composition of India's external trade since 2007-08.
Q 7.
Which mode of international business should be chosen by a small business man and why?
Q 8.
What are the benefits of international trade to firms?
Q 9.
Discuss the merits and demerits of entering into joint ventures.
Q 10.
Discuss any three advantages of international business.
Q 11.
Discuss the scope of international business.
Q 12.
India is_largest economy in the world.
Q 13.
Discuss as to why nations trade.
Q 14.
Discuss meaning, merits and demerits of contract manufacturing.
Q 15.
When a middleman is involved in handling export procedure, then it is called by what name?
Q 16.
"International trade benefits both the parties involve."Do you agree? Justify your answer:
Q 17.
Why is it said that licensing is an easier way to expand globally?
Q 18.
Licensee or franchisee pays a fee to licensor or franchisor. What is it called?
Q 19.
Which service has got dominating share in foreign trade in services?
Q 20.
Name the country whose share is largest in India's exports and imports.
Q 21.
How is home trade different from external trade?
Q 22.
What is the basic reason behind international trade?
Q 23.
Discuss the major trends in India's foreign trade. Also list the major products that India trades with other countries.
Q 24.
List major items of India's import.
Q 25.
Write a short note on India's foreign investments.
Q 26.
What is the major reason under lying trade between nations?
Q 27.
Give one point of difference between licensing and franchising.
Q 28.
"Foreign trade is not free from difficulties."Comment.
Q 29.
Discuss meaning, merits and demerits of contract manufacturing.
Q 30.
What benefits do firms derive by entering into international business?
Q 31.
Discuss the benefits of international business.
Q 32.
India embarks on the path of globalisation. Comment
Q 33.
In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad.
Q 34.
Out of international trade and international business which one is wider in scope?
Q 35.
Enumerate limitations of contract manufacturing.
Q 36.
"International business is more than international trade". Comment.
Q 37.
Discuss briefly the factors that govern the choice of mode of entry into international business.
Q 38.
"Wholly owned subsidiary is a more investing, more risky and less return giving venture."Do you agree? Substantiate your answer.
Q 39.
Explain different forms of contract manufacturing.
Q 40.
Define international business.
Q 41.
What is invisible trade? Discuss salient aspects of India's trade in services.
Q 42.
Differentiate between international trade and international business.
Q 43.
Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.
Q 44.
Distinguish between licensing and franchising.
Q 45.
What is international business? How is it different from domestic business?
Q 46.
Licensing and franchising are suitable in different situations. Explain how?
