Describe importance of the external trade to an economy. – InterviewSolution

InterviewSolution

1.	Describe importance of the external trade to an economy.
Answer» The economic environment of countries involved in international business differs significantly in terms of legal framework, institutional set – up, monetary fiscal and commercial policy, resources availability, production techniques, etc.

Discussion

No Comment Found

Related InterviewSolutions

List major items of India’s exports.
How many regional and international offices does ITPO have?
Do you think it is the right policy to promote exports at the cost of unfulfilled domestic demand? Justify your answer.
In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad.
Movement of goods, services among the countries …………(a) International Trade (b) International business (c) Entrepot Trade (d) Internal trade
Movement of goods, services, intellectual property, human assets, technology and so on among the countries …………(a) International Trade (b) International business (c) Entrepot Trade (d) Internal trade
Discuss the various modes of entry into international business.
In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee(a) Licensing (b) Contract manufacturing (c) Joint venture (d) None of these
Class 11 Business Studies MCQ Questions of International Business with Answers?
Explain in brief international trade institutions and agreement.