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Description
SESSION | JULY-AUG 2024 |
PROGRAM | MASTER OF COMMERCE (M.COM) |
SEMESTER | III |
COURSE CODE & NAME | DCM7103 INTERNATIONAL BUSINESS |
Set – 1
- Define International Business. Discuss at length the entry modes in International Business. 2+8
Ans 1.
International Business and Entry Modes
International business refers to commercial transactions that take place between two or more countries. These transactions can include trade (import and export), investment, franchising, licensing, and other forms of cross-border exchanges. International business plays a vital role in economic globalization, helping companies
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- Discuss the International Product Life Cycle. Also discuss the Heckscher -Ohlin theory of International Business. 5+5
Ans 2.
International Product Life Cycle and Heckscher-Ohlin Theory
The International Product Life Cycle (IPLC) explains how a product evolves in global markets over time. It consists of four stages:
- Introduction Stage
A product is first developed and launched in the home country. Initial production and sales are limited, and high costs are incurred
- What is foreign investment? Discuss the different types of foreign investment. 3+7
Ans 3.
Foreign Investment and Its Types
Foreign investment refers to the capital inflow from one country to another for business expansion, asset acquisition, or economic growth. It involves individuals, corporations, or governments investing in foreign economies through various means, such as establishing new enterprises, acquiring assets, or purchasing securitie
Set – 2
- Write a detailed note on global marketing strategies.
Ans 1.
Global Marketing Strategies
Global marketing refers to the process of planning, producing, promoting, and distributing products or services on an international scale. Businesses adopt global marketing strategies to expand their customer base, increase brand recognition, and achieve economies of scale. Companies must balance standardization and localization to
- Discuss at length international business ethics and corporate governance.
Ans 2.
International Business Ethics and Corporate Governance
International business ethics refers to the moral principles and standards that guide business conduct across global markets. Ethical business practices help companies build trust, ensure fair trade, and maintain compliance with international laws and regulations.
- Fair Trade
- Elaborate International Human Resource Management. Also throw light upon the national differences in HRM practices. 4+6
Ans 3.
International Human Resource Management and National Differences in HRM Practices
International Human Resource Management (IHRM)
International Human Resource Management (IHRM) refers to managing human resources in multinational companies operating across different countries. It involves recruitment, training, compensation, and employee relations in a global business environment.
- Global Recruitment and