Question:
Discuss any three advantages of international business.
Answer:
The following are some of the advantages of foreign trade:
- Optimum use of resources: Foreign trade helps in the optimum use of natural resources and avoids wastage’s of resources. It ensures the presence of stable price by avoiding wide fluctuations in prices. It tries to equalise the world price.
- Increased standard of living: It ensures more production to meet the demand of the people of different countries. By increased production, it becomes possible to increase income and the standard of living of its people. It also increases the standard of living by increasing more employment opportunities. It enables a country to import those goods which it cannot produce.
- Large scale production: It ensures large production because the production is carried on to meet the demand of its people as well as world market. Large scale production also ensures a great deal of internal economies which reduces the cost of production.
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.
Discuss any three advantages of international business.
Q 9.
What are the benefits of international trade to firms?
Q 10.
Discuss the scope of international business.
Q 11.
Discuss the merits and demerits of entering into joint ventures.
Q 12.
Discuss as to why nations trade.
Q 13.
India is_largest economy in the world.
Q 14.
When a middleman is involved in handling export procedure, then it is called by what name?
Q 15.
Discuss meaning, merits and demerits of contract manufacturing.
Q 16.
Licensee or franchisee pays a fee to licensor or franchisor. What is it called?
Q 17.
Name the country whose share is largest in India's exports and imports.
Q 18.
Why is it said that licensing is an easier way to expand globally?
Q 19.
Which service has got dominating share in foreign trade in services?
Q 20.
"International trade benefits both the parties involve."Do you agree? Justify your answer:
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.
Write a short note on India's foreign investments.
Q 25.
What is the major reason under lying trade between nations?
Q 26.
List major items of India's import.
Q 27.
"Foreign trade is not free from difficulties."Comment.
Q 28.
Give one point of difference between licensing and franchising.
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.
Out of international trade and international business which one is wider in scope?
Q 33.
India embarks on the path of globalisation. Comment
Q 34.
Enumerate limitations of contract manufacturing.
Q 35.
In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad.
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?
