International Business Management
Section A:
Part One:
1. What is the series consideration for strategy implementation?

2. The major activity in global marketing is:
d. All of the above
3. 3. The third „P‟ in the international marketing mix is:
d. Place
4. The European Economic Community was established in____________
d. 1957
5. Environment Protection Act on______________
a. 1986
6. People‟s attitude toward time depend on:

7. Culture necessitates adaption of :

8. The legal term for brand is:
All of the above
9. FDI flows are often a reflection of rivalry among firms in____________

10. ISO certification is:
d. Both (a) & (b)
Part Two:

1. What do understand by „Inward-oriented Policies An inward- oriented policy, usually , means over protection. What is less obvious is that sheltering domestic industries puts exports at a great disadvantage because it raises the cost of the foreign inputs used in their production. Moreover, an increase in the relative costs of domestic inputs may also occur through inflation or because of appreciation of the exchange rate as import restrictions are introduced. In practice, the distinction between inward-looking and outward looking approaches gets blurred. Most of the less developed countries have employed both strategies with different degrees of emphasis at one time or another
2. What is „Factor Endowments Theory‟?
The factor endowments is a “modern” extension of the classical approach and attempts to explain the pattern of comparative advantage. Does this by hypothesizing that comparative advantage is ultimately due to international differences in relative factor endowments. Done for 4 reasons: 1. Natural extension of the classical theory which sees international factor immobility as the basis for trade. 2. Can define “factor” broadly. 3. Seems important in practice. 4. Very useful theoretically for