Soft Copy: Yes
Downloadable File: Yes
University: IGNOU
Course: Master of Business Administration
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Q&A of Mba MS-97 Solved Assignment 2022 - International Business
Q. How does globalization benefit international business and what are the strategic implications of globalization? Discuss with examples.
Answer. ........
Q. Examine how cultural factors affect international business and what are the challenges that managers come across while dealing with cultural differences.
Answer......
Q. Explain the various methods of country risk analysis. Which method, according to you, is the best and why?
Answer.....
Q. Discuss in detail international supply chain management.
Answer.....
Q. Analyse the impact of environmental factors on market entry with the help of examples.
Answer......
Q. 6. Discuss the following:
(a) Global Financial System
(b) e-Business Models.
Answer......
Product Details: Mba MS-97 Solved Assignment 2022
Course: Ignou MBA (Master of Business Administration)
Session: Jan - June 2022 July - Dec
Subject: International Business
Old Sample Answers of Mba Ignou MS-97 Assignments
Q. Write a note on Theory of Absolute Advantage.
Answer. Adam Smith first put forth the trade theory of absolute advantage in 1776. This is the ability of a nation to produce a good more efficiently and effectively than any other nation and trading the good for goods produced more efficiently and effectively by other nations. Therefore, trade should not be banned or restricted by tariffs and quotas, but allowed to flow according to market forces - the invisible hand....... According to him, trade was not a zero-sum game but a positive-sum game in which all countries can benefit............ He explained this through the use of the concept of absolute advantage which permits individual countries to specialize in the export of goods they are best suited to produce because of natural and acquired advantages............ Smith's theory of trade is, therefore, known as the theory of absolute advantage............. This theory stated that a nation's imports should consist of goods made more efficiently abroad, while exports should consist of goods made more efficiently at home. A country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it. According to this theory, India should export cotton, in which it has an absolute advantage at home, and import coffee from Brazil, which has an absolute advantage in its production.............. The absolute advantage theory holds that the market functions efficiently without any intervention by the government............. Government intervention in the form of tariff and non-tariff barriers is likely to be counterproductive and lead the market to distorted results........... According to this theory, the benefit to a nation stems from the costs saved in importing goods that would otherwise be domestically produced. Unlike the mercantilist doctrine which says that a nation could only gain from trade if the trading partner lost (zero-sum game)....................
