Answer the following questions:

1. Discuss the key differences among the comparative advantage theory, the product life cycle theory and the transaction cost theory.

2. Demonstrate your local currency fluctuations against the US Dollar and national export-import value (in the US Dollar) of your country for the last five years (at least) in the forms of tables and figures. Explain the relationship between currency fluctuation, and export and import value of your country, and draw managerial conclusions. (USE THAT UR COUNTRY IS MONGOLIA)

3. Use the "country risk assessment criteria" table, and assess the political and legal risks of your country from an international marketer's viewpoint. (use that our country is "Mongolia".find out about Mongolia)

4. Why is Hofstede's cultural classification scheme important in designing the international marketing mix elements?

5. Although the online consumer surveys are popular nowadays, it has been criticised widely.

Discuss the major challenges of the online consumer surveys in market size assessment from an international marketer's viewpoint. Instructions: Answer to each of the above questions must not exceed 600 words; the total number of words to answer all of the above questions must not exceed 3000 words.?Write a few lines to address the introduction and conclusion sections for each of the questions. For the main discussion part of each of the questions, use several and key sub-headings/points for each of the paragraphs and discuss those with appropriate data/information and their citations/references. You have to answer all of the above questions.