Attempt all the problems given below:
problem 1: What do you mean by the term international business environment? describe in brief any four components which play prominent role in foreign environment.
problem 2: Describe the concept of globalization. Analyze the main forces which have accelerated the movement of globalization.
a) describe the functions of WTO in integrating the economy of world.
b) Describe the main goals of Uruguay Round Agreements.
problem 4: Differentiate between:
a) Micro and Macro Environments.
b) Current Account and Capital Account.
c) Formal Contracts and Simple Contracts.
d) Utilitarianism and Formalism.
problem 5: prepare short notes on the given terms:
c) Ethical Issues in International Trade.
d) Internet Services.