Professional Documents
Culture Documents
1.(a) What do you mean by international business? How does it differ from domestic 04
business?
(b) How have changes in technology contributed to the globalization of markets and 06
productions? Would the globalization of production and market have been
possible without these technological changes?
3. (a) Define culture. Explain the determinants of culture in brief with relevant 06
examples.
(b) Do you think that business practices in an Islamic country are likely to differ 04
from business practices in the United States? If so, how?
4. (a) Define international trade. Discuss the differences between absolute advantage 05
and comparative advantage of international trade.
(b) Explain the Porter’s theory of national competitive advantage. 05
5. (a) What do you mean by Foreign Direct Investment (FDI)? Elucidate the benefits 05
and costs of FDI.
(b) Explain the Eclectic Paradigm developed by John Dunning. 05
6. (a) What are the common modes of entry in international business? Which one is 05
the easiest mode to enter into international business? Why?
(b) Define strategic alliance. Narrate the pros and cons of strategic alliance. 05