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Hbc2234:International Business Question Paper

Hbc2234:International Business

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2012

QUESTION ONE (30 MARKS)
(a) What is International Business? (1Mark)
(b) International Business is as old as mankind. Discuss this fact citing the silent trade as described by Herodotus, Taoka and Beeman. (3Marks)
(c) What is standardization in the context of International Business? (3Marks)
(d) Make short notes on the following:
(i) Ad Valorem Tariff (2Marks)
(ii) Specific tariff (2Marks)
(iii) Compound tariff (2Marks)
(e) Differentiate between the old international business from the new international business approaches. (7Marks)
(f) Discuss the socio-economic benefits of international business to host countries in the context of developing economies. (10Marks)
QUESTION TWO (20 MARKS)
(a) Discuss any five reasons why governments protect their business activities.
(10Marks)
2
(b) Highlight any five challenges that firms from third world countries face when they want to go international. (10Marks)
QUESTION THREE (20 MARKS)
(a) AN international business executive needs to appreciate the Macro-economic environment at all times. Discuss any five factors to consider under the Macro-economic environment. (10Marks)
(b) Make some short notes on the following as used in the discipline of International business. (10Marks)
(i) Political Risk Analysis
(ii) WTO
(iii) Uruguay round
(iv) Rules of origin
QUESTION FOUR
Laws that bear on entry into foreign markets take several forms. Discuss any five of these forms. (15Marks)
QUESTION FIVE
(a) Discuss four benefits of an economic integration. (8Marks)
(b) Highlight the six principal forms of integration between countries. (12Marks)

Hbc2234:International Business Question Paper

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