Model question for International Business, 2nd Semester Masters in Business Studies

Section A Very Short questions Students are required to answer all the questions (10*2=20)

1. Since the end of World War II, the world has seen major advances in communication, information processing and transportation technology. What thing might have contributed for those changes? Explain in one sentence. 2. Why China is often used as the synonym for the Globalization of product? 3. Write down one major advantage of Franchising over licensing. 4. Point out any four strategic postures a firm takes when competing internationally. 5. A firm contemplating foreign expansion must take three basic decisions. List them. 6. Define the term Location Specific advantage with an illustration. 7. There are several advantages associated with entering a national market early, before other International Business has established themselves. Which International Business term exactly defines this? 8. Recent success of Chennai Express all over the world emphasizes on the globalization of Market. Narrate in two very short sentences. 9. Relate the following illustrations with the foreign Direct Investment theory and Trading Theory by naming the theory. a. France is specialized in wine where as India is specialized in Information technology. b. China has attracted the large number of foreign direct Investment. 10. What is Infant industry argument?
Section B Short Questions Attempt any eight questions ( 8*6=48)

1. Trade policies such as Tariffs and Subsidies tend to be pro-producer and anti consumer where as Free Trade tend to be Pro-consumer. Discuss. 2. Economic Integration is not easily achieved or sustained. Although it brings benefits to the majority, it is never without costs for the minority. Do you agree or disagree with this statement? Give logical reasons to support your answer. 3. Once a firm decides to enter a foreign market, the Question arises on choosing the best mode of entry. If you were a manager of an Indian multinational company, which mode will you use to enter the market of Nepal and why? 4. The failure rate for strategic alliance of Toyota Company seems to be high. What suggestions would you give to the manager of Toyota to make alliances work? 5. If you were the marketing manager of the multinational company, what four marketing strategies would you use to make your brand renowned? List out them and explain each of them in short.

6. Most companies todays are engaged in International Business. What might be the reasons fo r a company to go International?

7. Why firms go to the trouble of acquiring or establishing operations abroad, when the alternatives of exporting, licensing and franchising are there? 8. Apart from playing an important role in bringing people of different cultures together, globalization has ushered a new era in the economic prosperity and has opened up vast channels of development. However, globalization has also created some areas of concern, and prominent among these is the impact that it has had on the environment and Income. Discuss. 9. Countries with similar per capita incomes are likely to engage in trade with one another. Elaborate.
10. According to the Maastricht Treaty, the EU is a structure based on three pillars. What are those pillars? Also, name the different political bodies of EU and explain each of them in one very short sentence.

Section C Attempt any two questions 16*2=32

1. What is Trade Protection? Government does intervene in Trade. Why and how do they so? What Impacts have protections such as Subsidy and Tariffs brought to the world? What the world would might be if Free Trade is being allowed by all the countries of the world? Give critical reasons on support of your answers.(1+8+4+3) 2. Define the term Globalization. What are some of the leading factors which have helped globalization to prosper in the modern era? Explain them in short. Also, discuss in brief the impacts of major world incidents in the global economy.(2+7+7) 3. Firms can use any six different modes to enter foreign market. List any four of them with suitable illustrations. Based on these entry modes answers the following questions.(4+4+4+4) a. Why Trunkey project is best targeted to the least developed country like Nepal? b. Why do many manufacturing firms begin their global expansion as exporters? c. Firms that enter into joint venture risks giving control of its technology to its partners. How?