Question Bank: International Trade and Business

1. What is International trade? What are the different modes of entry by MNCs in International trade?

2. State the differences between Domestic Marketing and International Marketing.

3. Explain International business environment in the terms of Cultural and Demographic Environment.

4. “All nations have their own constitutions”. Discuss the statement in the light of Political and Legal Business Environment

5. Write Short notes on the following:

a) Polycentrism b) Ethnocentrism c) Egocentrism d) Geocentrism

6. Explain the theory of Absolute Cost Advantage in detail. How the theory of Comparative Cost Advantage is one step ahead of this. Give support of your answer with the help of suitable example.

7. How do Economic and Technological factors of the environment affect international trade and business?

8. Discuss the Significance and benefits of international trade and business with the help of suitable examples.

9. Discuss theories of international trade in brief. Do you think they can be applied in all situations? Give proper support to your answer.

10. Explain the factors contributing to fast growth in International Business during recent decades.

11. What is Multinational Corporations? Why do developing countries allow MNCs to operate in their countries?

12. Explain the Factor proportions theory of International Trade:

13. Discuss the Country similarity theory in detail. What aspects have justified this theory

14 What are the different stages of Product Life Cycle Theory of international trade? How does an exporting country become an importing country at the end of cycle?

15. Explain

16. Discuss in detail the negative and positive aspects of roles of multinational corporations.

17. What are the challenges of International Business due the environmental differences?

18. “International theories explain the bases of International Trade” Prove the statement with defining any of the theories of International trade.

19. Explain Porter’s Diamond Model in detail. How it is helpful in understanding complexities of international trade.

20. Discuss the various entry modes of International trade in detail.