FIND THE SPREAD IF BID AND ASK RATE FOR RUPEE VS DOLLAR IS 81.983 /81.987 AND AN IMPORTER PURCHASED 48000 USD. SOLUTION: The bid-ask rate for Rs vs Dollar is 81.983/81.987. To calculate the spread, we subtract the bid rate from the ask rate: Spread = Ask Rate – Bid Rate Spread = 81.987 – …
Explain the Hofstede’s Cultural Classification in the context of International Business. ANSWER: Hofstede’s Cultural Classification, developed by Dutch social psychologist Geert Hofstede, is a framework used to analyze and understand cultural differences across countries. It provides insights into how cultural values influence behavior, communication, and business practices in international business contexts. The framework consists of …
Explain the various entry modes of companies into foreign markets. ANSWER: Companies have several entry modes or strategies to enter foreign markets. The choice of entry mode depends on factors such as market characteristics, business objectives, resources, and risk tolerance. Here are some common entry modes for companies entering foreign markets: The selection of the …
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Current Affairs | Macroeconomics | Commerce & Management Introduction : On 24th February, 2022, Russia and Ukraine went into a conflict, which has impacted the Indian Economy, bringing about results and effects on various regions and perspectives. In a United Nations (UN) meeting, India went without casting a ballot. India has kept an impartial position in the …
Impact of Russia and Ukraine war on Indian Economy – Macroeconomic Analysis Read More »
INTERNATIONAL BUSINESS DYNAMICS Module 1 : Introduction In recent years, international business has acquired additional importance for host countries in particular and world economies in general as a result of developments in the following areas: Technology DiffusionTechnological developments are transmitted to every corner of the earth through the practice of international business. This transmission is …
INTERNATIONAL BUSINESS DYNAMICS MODULE 1: INTRODUCTION The basic principles of business concerning tasks, functions, and processes that apply to international business are the same as that of domestic business. However, the environment in which domestic and international firms operate varies considerably and therefore requires an international firm to modify and adapt its business practices country …
MODULE 1: INTRODUCTION Evolution, Drivers and Challenges of IB as compared to Domestic Business, National and organizational competitive advantage over the world, Active players in multinational business. The International environment of IB – Political, Legal, Technological, Cultural, Demographic and Economic environment. Cross-cultural management, levels of culture, models to aid international managers International business as a …
International Marketing is dominated by_________ countries Poor Developing Developed None of the Above ——————————- is a situation of international price discrimination Counter Trade Dumping Buyback None of the Above EXIM stands for ——————————————– Export Import Export & Import None of the Above The components of International Strategies include: Distinctive Competence Scope of Operations Deployment of …
