Adam Smith’s theory of the absolute cost advantage and Recardo’s theory of the comparative cost advantage has improved international business. Discuss.
What suppositions have been made in theory of comparative cost advantage?
Illustrate out the trade barriers. What are the dissimilar types of Tariff and Non Tariff barriers?
What are the ethical issues the international manager has to judge in international business?
Illustrate out the globalization of market. Examine the steps taken by Government to globalize the economy.
prepare down comprehensive notes on following:
a) Type of L/C’s.
b) Contractual mode of entry.
c) Global sourcing its impact.
e) Product life cycle.