Question:
Differentiate between international trade and international business.
Answer:
Difference between international trade and international business is similar to difference between trade and business.
- The scope of international business is much wider than international trade. International trade means exports and imports of goods which is an important component of international business but international business includes much more than this.
- International trade in services like travel and tourism, transportation, communication, banking, warehousing, distribution and advertising is a part of international business.
- International business also includes foreign direct investments, contract manufacturing, and setting up wholly owned subsidiaries etc. which are not included in international trade.
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.
List the major countries with whom India trades.
Q 5.
Reebok orders for footballs to local manufacturers of Ludhiana and then sells it all over the world. It is an example of what?
Q 6.
Which mode of international business should be chosen by a small business man and why?
Q 7.
State the important changes being observed in composition of India's external trade since 2007-08.
Q 8.
What are the benefits of international trade to firms?
Q 9.
India is_largest economy in the world.
Q 10.
Discuss the merits and demerits of entering into joint ventures.
Q 11.
Discuss the scope of international business.
Q 12.
Discuss as to why nations trade.
Q 13.
Discuss any three advantages of international business.
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.
Why is it said that licensing is an easier way to expand globally?
Q 17.
Licensee or franchisee pays a fee to licensor or franchisor. What is it called?
Q 18.
"International trade benefits both the parties involve."Do you agree? Justify your answer:
Q 19.
Discuss the major trends in India's foreign trade. Also list the major products that India trades with other countries.
Q 20.
Which service has got dominating share in foreign trade in services?
Q 21.
What is the basic reason behind international trade?
Q 22.
Name the country whose share is largest in India's exports and imports.
Q 23.
How is home trade different from external trade?
Q 24.
List major items of India's import.
Q 25.
Write a short note on India's foreign investments.
Q 26.
Give one point of difference between licensing and franchising.
Q 27.
What is the major reason under lying trade between nations?
Q 28.
"Foreign trade is not free from difficulties."Comment.
Q 29.
What benefits do firms derive by entering into international business?
Q 30.
Discuss meaning, merits and demerits of contract manufacturing.
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.
"Wholly owned subsidiary is a more investing, more risky and less return giving venture."Do you agree? Substantiate your answer.
Q 38.
Discuss briefly the factors that govern the choice of mode of entry into international business.
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?
