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MS-97 Solved Assignment

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  • Version: 2018 July - Dec

Soft Copy: Yes
Downloadable File: Yes
University: IGNOU
Course: Master of Business Administration

Q&A of Mba MS-97 Solved Assignment 2018 - International Business

Q. Explain the evolution of globalization and discuss various stages of globalization with examples.
Answer. ........

Q. Briefly explain the types of trade blocks and discuss the welfare impact of Preferential Trading Arrangements (PTAs)

Q. Discuss in detail volatility of environment and the impact of environmental factors on market entry with the help of examples.

Q. Examine various strategic issues involved in international operations management.

Q. Discuss the role of internet in transformation of business and the emergence of new business models in detail.

Q. Write short notes
a) Corporate Values
b) International Joint Ventures
c) Transition Economies
d) Need for Strategic Alliances


Product Details: Mba MS-97 Solved Assignment 2018

Course: Ignou MBA (Master of Business Administration)
Session: July - Dec 2018
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)....................

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