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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
help.mbaassignments@gmail.com
or
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ASSIGNMENT
DRIVE SPRING 2019
PROGRAM MASTER OF BUSINESS ADMINISTRATION- MBA
SEMESTER Semester 4
SUBJECT CODE & NAME MBA402/MB0053 –International Business Management
BK ID B1724
CREDITS & MARKS 4 CREDITS, 60 MARKS
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q1. Define international Business? What are the various factors affecting
international Business?
Answer:International business: International business encompasses all commercial activities that
take place to promote the transfer of goods, services, resources, people, ideas, and technologies
across national boundaries.
International business occurs in many
Q2. Explain detail structure of WTO with diagram?
Answer:WTO:WorldTrade Organization (WTO). WTO was established on 1st January 1995. In April
1994, the Final Act was signed at a meeting in Marrakesh, Morocco. The Marrakesh Declaration of
15th April1994 was formedtostrengthenthe worldeconomythatwouldleadto better investment,
trade, income growth and employment throughout the world. The WTO is the successor to the
General Agreement on Tariffs and Trade (GATT
Q3. Write a short note on international regulatory bodies.
European Union

2. Answer: European Union: The EU represents one in a series of efforts to integrate Europe since
World War II. At the end of the war, several western European countries sought closer economic,
social,and political ties to achieve economic growth and military security and to promote a lasting
reconciliation between France and
United Nations:
Answer: UnitedNations:The UnitedNations(UN) isan international organizationformed in 1945 to
increase political and economic cooperation among its member countries.
Almost every country in the world is represented in the UN, including the U.S. A few states lack
membership despite exercising de facto sovereignty, either because most of the international
community does not recognize
OECD
Answer: OECD: The Organization for Economic Cooperation and Development (OECD) is a unique
forumwhere the governmentsof 34 democracies with market economies work with each other, as
well as with more than 70 non-member economies to promote economic growth, prosperity, and
sustainable
IASC
Answer: IASC: The International Accounting Standards Committee (IASC) was formed in 1973
through an agreement made by professional accountancy bodies from Australia, Canada, France,
Germany,Japan,Mexico,the Netherlands,the UnitedKingdomandIreland,andthe UnitedStatesof
America.
IFA
Answer: IFA: The International Fiscal Association (IFA) was established in 1938 as the only non-
governmental and non-sectoral international organisation dealing with fiscal matters. Its
headquarters are in the Netherlands The objectives of IFA are the study and advancement of
international and c
Q4. What are the four methods of payment for the international
Transactions?
Answer: Methods of payment for the international Transactions:
There are plenty of international paying methods for importers and exporters across the globe.

3. The main international payment methods used around the world today include:
 Cash in Advance
Q5. Explain in detail about short term credit and long term credit.
Answer: Short term credit: Like many banking and accounting terms, short-term credit is often
misunderstood and misused. To a bank, short-term credit is a generic term for a revolving line of
creditgrantedto a businessoran individual,orafixed loan with a term of one year or less. On your
financial statement, the section labelled short-term credit (or notes) refers to the amount of debt
you have to pay off within the next 12 months, even if it is part of a long term loan. The deciding
factor on whether a loan is considered short term is when it expires.
Short-Term Credit Purposes: Short-term credit is
Q6. What are the various advantages of global sourcing?
Answer:Global sourcing: Global sourcing is a procurement strategy that aims to take advantage of
global efficiencies for the delivery of goods and services. For MNCs, it has become a strategic
sourcing in today’s competitive setting. Some popular examples of globally sourced goods and
servicesare:labour-intensive goodsproducedinChinaatlow productioncost, BPOsstaffedwithlow
cost English proficient people in India, and IT (software and hardware) tasks performed by Indian
and EasternEuropeanlowcost programmers.These examplesparticularlyrelate tolow cost country
specific sourcing but the scope and definition
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id
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