Question 1:
Adam Smith’s theory of the absolute cost advantage and Recardo’s theory of the comparative cost advantage has improved international business. Discuss.
Question 2:
What suppositions have been made in theory of comparative cost advantage?
Question 3:
Illustrate out the trade barriers. What are the dissimilar types of Tariff and Non Tariff barriers?
Question 4:
What are the ethical issues the international manager has to judge in international business?
Question 5:
Illustrate out the globalization of market. Examine the steps taken by Government to globalize the economy.
Question 6:
Write down comprehensive notes on following:
a) Type of L/C’s.
b) Contractual mode of entry.
c) Global sourcing its impact.
d) NAFTA.
e) Product life cycle.