Time: 3 Hours
Note: Attempt all questions
All questions carry equal marks
- What is globalization? Clearly explain the relationship between globalization and international business. (7)
- What are the major differences between domestic and international business? (8)
What are the main features of the international economic environment? List and explain the different kinds of economic systems and their influence on international business. (15)
- What is the WTO? Explain its main principles and functions. Distinguish between GATT and WTO. (15)
Distinguish between the product life cycle theory and factor proportions theory ...