University of Sialkot

Department of Business Administration

Batch: BBA-5 (Spring, 20) Subject: International Business Quiz No.: 1

Instructor: Dr. Mahmood Rehmani
Name: Hammad Hassan Reg. No: 19202001-013 Signature:_________________

1. Why English travels so well in International Business? 2 Mark

For both appropriate legal affairs, the majority of professional bodies use English as their primary mode of
communication. The smooth running of activities, such as the daily exchange of emails, presentations, and sales
and marketing, is aided by a good command of the language.

2. What forces the companies to engage in international business? 2 Marks

New Revenue Potential:
You gain access to a much wider customer base by expanding your company internationally. Even if your
domestic markets are saturated, if your product or service is a success, you will benefit from increased sales from
these new customers. Globalization could be just what your business needs to reach new heights in terms of sales.
The Ability to Help More People:
Your company's products and services have the ability to help your consumers change their lives in any way.
When you expand your business internationally, you will assist an exponentially larger number of people in
finding answers to the issues or problems that your organization assists with.
Greater Access to Talent:
Another great advantage of expanding your company internationally is that you gain access to a new pool of
potential workers with different talents and perspectives. You can also discover that these potential hires possess
skills that are difficult to come by in your home country, giving you an advantage over other companies in your
sector that have yet to go global.
Exposure to Foreign Investment Opportunities:
As many businesses already know, foreign investment can be extremely beneficial to your company. This could
explain why foreign investment in 1997 was up to seven times what it was in the 1970s. When you go global,
you'll be able to learn more about these investment opportunities and how they can benefit your business.

3. Briefly explain power distance from cultural aspects? 1 Mark

Power Distance refers to the degree by which people in a society accept that power is unevenly distributed among
its members, so that some people have more power than others by the positions they occupy in the social
hierarchy.