Sikkim Manipal Online mba

Companies with prospects of business in other countries should be sensitive to that particular country’s culture and business environment. Every country has its own style of communication, the way they treat women in business and dressing style. Let us now discuss the business culture followed by different nations with respect to communication styles, women in business, and dress code. The table shows how the business cultures differ from one nation to another nation.

3       Write a short note on Advantages of foreign direct investment and types of foreign direct investment.5

• Write a short note on Advantages of foreign direct investment and types of foreign direct investment

Answer: –

Advantages of Foreign Direct Investment

1. Easier integration into global economy: A developing country like India is keenly interested to have foreign investment in their economy as it can gain greater access and foothold in other economies of the world. Foreign investor may manufacture the products that may be meant for global markets resulting in greater exports of the country and improving the employment scenario in the country.

 

4       What are the key objectives and function of World Trade organization?7

• What are the key objectives of WTO
• What are the key functions of WTO

Answer: –

The key objective of WTO is to promote and ensure international trade in developing countries. The other major functions include:

• Helping trade flows by encouraging nations to adopt discriminatory trade policies.
• Promoting employment, expanding productions and trade and raising

standard of living and income and utilising the world’s resources.

• Ensuring that developing countries secure a better share of growth in world trade.
• Providing forum for trade negotiations.
• Resolving trade disputes.

5       Explain in detail about international regulatory Bodies.

• Explain in detail about international regulatory Bodies.

Answer: –  Certain regulatory  bodies  are  active  in  bringing  out  harmonisation  of accounting standards. Efforts of some of the bodies are explained here.

 

6       What are the various export promotion schemes offered by government in order to promote export from the country?  

• What are the various export promotion schemes offered by government?

Answer: –

Government, in order to promote the exports from the country, offers some export assistance and export promotion schemes so that exporters can benefit from them.

SMU MBA SUMMER 2016-2017

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