Define international business.
According to Roger Beneett, "International business involves commercial activities that cross national frontiers." In the words of John D Daniels and Lee H Radebough, "International business is all about business transactions—private and governmental that involve two or more countries. Private companies undertake such transactions for profits; government may or may not do the same in their transactions." According to Michael R Czinkota, "International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of the individuals, companies and organizations. These transactions take on various forms which are often correlated."
What is the share of India's exports in world exports?
Discuss as to why nations trade.
State the important changes being observed in composition of India's external trade since 2007-08.
Which mode of international business should be chosen by a small business man and why?
Discuss any three advantages of international business.
List the major countries with whom India trades.
"International trade benefits both the parties involve."Do you agree? Justify your answer:
Explain different forms of Joint Ventures.
Discuss the merits and demerits of entering into joint ventures.
Discuss meaning, merits and demerits of contract manufacturing.
Discuss the scope of international business.
What is the basic reason behind international trade?
When a middleman is involved in handling export procedure, then it is called by what name?
Reebok orders for footballs to local manufacturers of Ludhiana and then sells it all over the world. It is an example of what?
What are the benefits of international trade to firms?
Which service has got dominating share in foreign trade in services?
Discuss the major trends in India's foreign trade. Also list the major products that India trades with other countries.
India is_largest economy in the world.
Write a short note on India's foreign investments.
Licensee or franchisee pays a fee to licensor or franchisor. What is it called?
Why is it said that licensing is an easier way to expand globally?
What are the major items that are exported from India?
How is home trade different from external trade?
Give one point of difference between licensing and franchising.
"Foreign trade is not free from difficulties."Comment.
Out of international trade and international business which one is wider in scope?
Discuss the benefits of international business.
What is the major reason under lying trade between nations?
List major items of India's import.
Name the country whose share is largest in India's exports and imports.
India embarks on the path of globalisation. Comment
Discuss meaning, merits and demerits of contract manufacturing.
Enumerate limitations of contract manufacturing.
In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad.
"Wholly owned subsidiary is a more investing, more risky and less return giving venture."Do you agree? Substantiate your answer.
What benefits do firms derive by entering into international business?
"International business is more than international trade". Comment.
Define international business.
Explain different forms of contract manufacturing.
Discuss briefly the factors that govern the choice of mode of entry into international business.
Differentiate between international trade and international business.
What is invisible trade? Discuss salient aspects of India's trade in services.
Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.
Distinguish between licensing and franchising.
What is international business? How is it different from domestic business?
Licensing and franchising are suitable in different situations. Explain how? DEFINITION OF INTERNATIONAL BUSINESS AND TRADE International business includes any type ofbusiness activity that crosses national borders. Though a number of definitions in the business literaturecan be found but no simple or universally accepted definition exists for the term international business.At one end of the definitional spectrum, international business is defined as organization that buysand/or sells goods and services across two or more national boundaries, even if management is locatedin a single country. At the other end of the spectrum, international business is equated only with thosebig enterprises, which have operating units outside their own country. In the middle are institutionalarrangements that provide for some managerial direction of economic activity taking place abroad butstop short of controlling ownership of the business carrying on the activity, for example joint ventureswith locally owned business or with foreign governments. In its traditional form of international tradeand finance as well as its newest form of multinational business operations, international business hasbecome massive in scale and has come to exercise a major influence over political, economic and socialfrom many types of comparative business studies and from a knowledge of many aspects of foreignbusiness operations. In fact, sometimes the foreign operations and the comparative business are used assynonymous for international business. Foreign business refers to domestic operations within a foreigncountry. Comparative business focuses on similarities and differences among countries and business
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You're Reading a Free Preview 3. What are the similarities and differences between international business, International Transactions and International trade? (2 pages) 3.1 The similarity between international business, international transaction and international trade are described below. International trade is voluntary exchange of goods, services, assets, or money between residents of two countries. According to Alan M. Rugman and Richard M (2000:154) International trade is the branch of economics concerned with the exchange of goods and services with foreign countries or among countries across national boundaries. Some of the basic similarity between international trade and international business are listed below: * Trade arises because of regional…show more content… * There are two types of trade. They are: i) Bilateral trade ii) Multilateral trade * Some types of international business activities are: Importing and exporting, Foreign Direct Investments, Licensing, Franchising, Management contract. Generally, international trade is a much narrow set of activities and consists of exports and imports (e.g. goods and services) only. * International business in not only consist of international trade and foreign manufacturers but it consist of the growing service industry in such area as transportation, tourism, banking, advertising, construction, retailing, wholesaling, and mass communication. Reference Donald A. Ball and Wendell H. McCulloch. (1990) International Business introduction and essential: 4thed, Von Hoffmann press, USA Alan M. Rugman and Richard M. Hodgetts. (2000) International Business A Strategic Management Approch: 2nd ed. Rotolito Lombada, Italy International trade * Trade: voluntary exchange of goods, services, assets, or money between one person or organization and another * International trade: trade between residents of two countries International trade is the branch of economics concerned with the exchange of goods and services with foreign countries. Although this is a complex subject,we will focus on two particular areas: international trade theory and barriers to trade. |
WHO said international business involves commercial activities that cross national boundaries?
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