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Assignment Applicable for December 2017 Examination
India’s Foreign Trade
1 What does foreign trade refer to and
why is it important for any country to participate in foreign trade. State
which guiding factor and reform measures can the Government of India leverage
to further boost the international trade prospects of India’s agriculture
sector.
2 Essence of international trade lies in
comparative difference rather than absolute difference in cost. State the
rationale, assumptions, limitations and advantages of this doctrine in
International Business. How does this lead towards international
specialization?
3 Explain the three rules for any
organization to decide on its choice of entry strategy in International
markets.
a. An International food company wishes
to enter India to start their operations.
b. Suggest the choice of entry strategy
and which of the three rules they should follow.
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