Description
TUTOR MARKED ASSIGNMENT
Course Code : IBO-01
Course Title : International Business Environment
Assignment Code : IBO – 01/TMA/2021-22
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions:
Question 1. Do you think that study of international business environment is relevant for the Managers? Give your arguments and explain the Technological and Socio-cultural environment of international business. (20)
Question 2. a) Describe the functioning of Bretton Woods System with examples.
Question 2. b) Explain various International Commodity Agreements. (10+10)
Question 3. Distinguish between:
a) Void agreements and void contract
b) Utilitarianism and Formalism
c) Absolute advantage and comparative advantage of trade
d) GATT and WTO (4X5)
Question 4. Comment on the following:
a) Geographic environment does not affect demand pattern of the people living in the country.
b) When goods are bought by description from a seller, there is no implied condition that goods shall be of merchantable quality.
c) Arbitration is not preferred by the parties involved in international business.
d) Free trade is always better than no trade. (4X5)
Question 5. Write short notes on the following:
a) Code of Ethics for International Marketing
b) Current Account and Capital Account of Balance of Payments
c) Essential Elements of a Valid Contract
d) Strategic Alliances and Technology Transfer (4X5)
Validity:
These assignments are valid for two admission cycles (January 2021 and July 2022). Validity is given below:
1. Those who are enrolled in January 2021, it is valid upto December 2021 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th September 2021
2. Those who are enrolled in July 2021, it is valid upto June 2022 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th March 2022
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