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DRIVE--SPRING 2014
PROGRAM-MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDIB (SEM 2)
SUBJECT CODE & NAME-IB0017 –International Business Environment and International Law
BK ID-B1414
CREDIT & MARKS-4 CREDITS, 60 MARKS
Q1. Explain PEST analysis. How is it used in international business?
(PEST, usage) 8, 2
Answer.
PEST analysis and its uses in international business
PEST is a well-known and widely applied tool when analyzing what the international market has to offer. International
marketing environment. International PEST Analysis would consider:

How easy will it be to move from purely domestic to international marketing?

Would your business benefit from inward foreign investment?

What is the nature of competition within each individual market, and how will companies from other nations
Q2. Explain the various incoterms involved in international contract.
(Incoterms) 10
Answer.
Incoterms involved in international contract
When parties agree on transportation arrangements it is a good idea to make use of Incoterms. This is a document
published by the International Chamber of Commerce ('ICC') in an attempt to standardise the meaning of the terms
Q3. Discuss the general principles of the Law of Contract. What is an agreement?
(Law of contract principles, Agreement)7, 3
Answer.
General contractual principles
The contracts are based on the principles of the common law and civil law. Let us study these principles.
A contract is formulated by an offer and an acceptance
An offer covers all the important factors in the contract. The person to whom the offer is being given must accept it
without making any alterations and this is referred to as the as the ‘mirror image’ rule. If there is any mismatch
between the actual and accepted offer, then it is termed as the counter offer and no further contract is made until the
Q4. Write short notes on:
a) Letter of credit
b) Export financing
(Meaning and role of letter of credit, meaning and role of Export financing)5, 5
Answer.
a) Letter of credit
A Letter of Credit (LC) or documentary credit is a promise to pay. It is generally used for international sales
transaction. It is used to reduce risks such as, unfamiliarity with the customs or political instability in a foreign
country.
Q5. Discuss the rights of an unpaid seller. What are the remedies available to the buyer against seller for
breach of contract?
(Rights of unpaid seller, Buyer’s remedies)5, 5
Answer.
Rights of unpaid seller
According to Section 45, a seller of goods is deemed to be an ‘unpaid seller under the following circumstances:

When the whole of the price has not been paid or tendered.

When a bill of exchange or other negotiable instrument has been received as conditional payment and the
Q6. What are the modes of settlement of disputes in international business? Discuss.
(Modes of dispute settlement)10
Answer.
Modes of dispute settlement
The methods of settlement of international disputes may be divided into two main categories: (a) Pacific means of
settlement and (b) Compulsive or forcible means of settlement.
Get fully solved assignment
100% trusted website bcoz we use instalment payment
smu mba/bba/bca/mca assignment Spring season (JUL/AUG exam) 2014 sem (I , II , III , IV) in only Rs 700/
sem ( 6 sub) or Rs 125/question paper.
You can pay in 6 instalment of Rs 125-125 if u have any doubt.
For solutionmail us on computeroperator4@gmail.com with your question subject code or question paper
if urgent then
Call us on 08273413412 , 08791490301 or
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