WORLD BUSINESS – SELF ASSESSMENT QUESTIONS

WORLD BUSINESS

SELF ASSESSMENT QUESTIONS

  1. Define MNCs and explain the types of MNCs
  2. List the MNCs critics and defenders
  3. Centralization may decrease not only costs but also earnings of an MNC. Comment.
  4. A number of MNC-host nation conflicts derive from central economic planning. Why?
  5. Some MNCs expand by building new facilities; others by buying up existing firms. Which is preferable? Under what conditions?
  6. Identify and analyze conflicts that arise from MNC financial policies and practices.
  7. Explain international Technology issues
  8. Describe the advantages and limitations in technology acquisition
  9. Analyse the scope and mode of technology transfer
  10. Enlist the barriers to technology transfer.

Learning Objectives

After reading this unit you should be able to

  • Understand the nature of international business environment

  • Understand the different forces acting upon international business

  • Understand political environment and its implications on international business

  • Ascertain the legal practices in different countries

  • Understand what difference technology can create and know various technological tools used in international business

  • Understand different cultures of the world and its impact on international business

  • Understand different economic policies.

Business has fascinated man down the centuries, starting form barter system to the global business. Business plays a pivotal role in the growth of the economy of any nation. Because of the explosion of knowledge and invention of Internet,

time and distance are shrinking globally and the world has become a global village.

In  developing  countries  like  India  the  traditional  business  are  affected  by

MNC‘s and many Indian firms are forced to compete with the global firms, and it‘s the game of The survival of the fittest, and many local companies are forced to merge with global firms Eg. Vishya bank has merged with ING forming ING Vishya Bank, ICICI Bank has merged with Prudential forming ICICI Prudential Life insurance etc.

As part of their expansion in international markets Indian firms like M.T.R, Ranbaxy, Dabur, L.I.C, S.B.I etc are on their toes to globalize their operations. In simple terms, the products which we use, in our day-to-day life are either imported from other countries are produced in India in collaboration with companies in other countries so international business is the process of exchanging goods and services internationally for value.

 

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