Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2018 Winter 3rs Sem 3539203 International Business Ib Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3 ? EXAMINATION ? WINTER 2018
Subject Code: 3539203 Date: 05/12/ 2018
Subject Name: International Business (IB)
Time: 10:30 AM TO 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Explain the following terms with suitable examples.
(a) Inflation
(b) Legal System
(c) Irrevocable Letter of Credit
(d) Bilateral Trade
(e) Value Chain
(f) Import Broker
(g) Supply Chain
14
Q.2 (a) What is political risk? Discuss various types of political risks and its
consequences.
07
(b) Company?s culture is the product of a company?s values, expectations
and environment. Cultural differences affect the businesses in every
country. Give arguments in support of the statement.
07
OR
(b) The type of economic system is a strong predictor of a country?s
present economic performances. Give arguments in support of the
statement.
07
Q.3 (a) Define: Foreign Exchange Market. Explain major foreign exchange
market in detail with suitable examples.
07
(b) WTO plays an important positive role for the international trades and
it?s always beneficial for the countries to trade trans-boundary ?
Elucidate the statement with examples.
07
OR
Q.3 (a) Write a brief note on IMF. 07
(b) Government intervention in trade affects the flow of imports and
exports of goods and services between countries ? Discuss various
instruments of trade control use by government in international
business.
07
Q.4 (a) Define: Exporting. Discuss phases of export development. Discuss
advantages and disadvantages of exporting.
07
(b) MNEs experiencing pressure from global integration and pressure from
local responsiveness in international trade journey. Discuss how MNEs
can choose from four types of strategy within the context of Integration-
Responsiveness (IR) grid with examples.
07
OR
Q.4 (a) What is organization structure? Discuss few common organizational
structures for international business?
07
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Page 1 of 3
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3 ? EXAMINATION ? WINTER 2018
Subject Code: 3539203 Date: 05/12/ 2018
Subject Name: International Business (IB)
Time: 10:30 AM TO 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Explain the following terms with suitable examples.
(a) Inflation
(b) Legal System
(c) Irrevocable Letter of Credit
(d) Bilateral Trade
(e) Value Chain
(f) Import Broker
(g) Supply Chain
14
Q.2 (a) What is political risk? Discuss various types of political risks and its
consequences.
07
(b) Company?s culture is the product of a company?s values, expectations
and environment. Cultural differences affect the businesses in every
country. Give arguments in support of the statement.
07
OR
(b) The type of economic system is a strong predictor of a country?s
present economic performances. Give arguments in support of the
statement.
07
Q.3 (a) Define: Foreign Exchange Market. Explain major foreign exchange
market in detail with suitable examples.
07
(b) WTO plays an important positive role for the international trades and
it?s always beneficial for the countries to trade trans-boundary ?
Elucidate the statement with examples.
07
OR
Q.3 (a) Write a brief note on IMF. 07
(b) Government intervention in trade affects the flow of imports and
exports of goods and services between countries ? Discuss various
instruments of trade control use by government in international
business.
07
Q.4 (a) Define: Exporting. Discuss phases of export development. Discuss
advantages and disadvantages of exporting.
07
(b) MNEs experiencing pressure from global integration and pressure from
local responsiveness in international trade journey. Discuss how MNEs
can choose from four types of strategy within the context of Integration-
Responsiveness (IR) grid with examples.
07
OR
Q.4 (a) What is organization structure? Discuss few common organizational
structures for international business?
07
Page 2 of 3
(b) Assume that you are manager of ABC Ltd. company operating in
domestic market of India. Company has seen opportunity of expanding
business into international market. You have been assigned
responsibility of scanning potential international market for expansion.
Discuss which variables or set of information you will collect and
analyzed for further country selection decision.
07
Q.5
CASE STUDY: Global Sourcing In Aerospace Industry ? AIRBUS
Over the last 60 years, the UK has built up a world leading position in
the manufacturing and design of aircraft and wings. The UK Aerospace
industry is the largest in Europe; a direct employer of more than
100,000 people; and a powerhouse within the UK economy, with a
turnover of more than ?20 billion a year. According to the 'Reach for
the Skies Report' (2014), through to 2030, the forecast global demand
for civil aerospace stands at 56,700 aircraft, valued at $4.14billion,
27,000 of which will be 100-plus seat passenger aircraft (worth of $3.2
trillion).
Buy or Outsource
The above evidences illustrate the increase in aircraft manufacturing to
respond to the demand in the market place. The next generation of
aircraft will be based on radically different technologies, requiring new
manufacturing processes and placing new challenges on the UK supply
chain if it is to remain globally competitive. Thus the UK aerospace
industry needs to identify upcoming opportunities to broaden its base
across the global market, selling to a wider range of aircraft and
equipment manufacturers. It is argued that companies decide whether to
'buy or outsource' to get access to superior supply chain management
expertise, technical expertise, and because outsourcing may open up
markets for the firm's products or services.
Supplier Selection Strategy
In selecting suppliers, a firm must decide whether to use single sourcing
or multiple suppliers. Single sourcing, can secure the supplier?s
sufficient business when the supplier has to make a significant buyer-
specific investment. Choosing single sourcing depends on the industry.
Airbus is cautious in choosing the supplier, as some of Airbus's
suppliers are suppliers of its competitors. For the A380, the landing
gear system and the nose are sourced from Canada. However, parts of
the landing gear come from Poland to Canada. Valves are made by the
Zodiac group which is a French corporation; the brakes, and aviation
control system are outsourced from the US; and a lot of pumps and
equipment are sourced locally from an English company because the
UK aerospace industry is strong from a technology, supply chain and
manufacturing perspective. Airbus also tends to multi-source some
parts e.g. brakes which are consumables and they can be sourced from
different suppliers. It is believed that having multiple sources ensures a
degree of competition and also lower risk by providing a backup should
a supplier fail to deliver.
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Page 1 of 3
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3 ? EXAMINATION ? WINTER 2018
Subject Code: 3539203 Date: 05/12/ 2018
Subject Name: International Business (IB)
Time: 10:30 AM TO 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Explain the following terms with suitable examples.
(a) Inflation
(b) Legal System
(c) Irrevocable Letter of Credit
(d) Bilateral Trade
(e) Value Chain
(f) Import Broker
(g) Supply Chain
14
Q.2 (a) What is political risk? Discuss various types of political risks and its
consequences.
07
(b) Company?s culture is the product of a company?s values, expectations
and environment. Cultural differences affect the businesses in every
country. Give arguments in support of the statement.
07
OR
(b) The type of economic system is a strong predictor of a country?s
present economic performances. Give arguments in support of the
statement.
07
Q.3 (a) Define: Foreign Exchange Market. Explain major foreign exchange
market in detail with suitable examples.
07
(b) WTO plays an important positive role for the international trades and
it?s always beneficial for the countries to trade trans-boundary ?
Elucidate the statement with examples.
07
OR
Q.3 (a) Write a brief note on IMF. 07
(b) Government intervention in trade affects the flow of imports and
exports of goods and services between countries ? Discuss various
instruments of trade control use by government in international
business.
07
Q.4 (a) Define: Exporting. Discuss phases of export development. Discuss
advantages and disadvantages of exporting.
07
(b) MNEs experiencing pressure from global integration and pressure from
local responsiveness in international trade journey. Discuss how MNEs
can choose from four types of strategy within the context of Integration-
Responsiveness (IR) grid with examples.
07
OR
Q.4 (a) What is organization structure? Discuss few common organizational
structures for international business?
07
Page 2 of 3
(b) Assume that you are manager of ABC Ltd. company operating in
domestic market of India. Company has seen opportunity of expanding
business into international market. You have been assigned
responsibility of scanning potential international market for expansion.
Discuss which variables or set of information you will collect and
analyzed for further country selection decision.
07
Q.5
CASE STUDY: Global Sourcing In Aerospace Industry ? AIRBUS
Over the last 60 years, the UK has built up a world leading position in
the manufacturing and design of aircraft and wings. The UK Aerospace
industry is the largest in Europe; a direct employer of more than
100,000 people; and a powerhouse within the UK economy, with a
turnover of more than ?20 billion a year. According to the 'Reach for
the Skies Report' (2014), through to 2030, the forecast global demand
for civil aerospace stands at 56,700 aircraft, valued at $4.14billion,
27,000 of which will be 100-plus seat passenger aircraft (worth of $3.2
trillion).
Buy or Outsource
The above evidences illustrate the increase in aircraft manufacturing to
respond to the demand in the market place. The next generation of
aircraft will be based on radically different technologies, requiring new
manufacturing processes and placing new challenges on the UK supply
chain if it is to remain globally competitive. Thus the UK aerospace
industry needs to identify upcoming opportunities to broaden its base
across the global market, selling to a wider range of aircraft and
equipment manufacturers. It is argued that companies decide whether to
'buy or outsource' to get access to superior supply chain management
expertise, technical expertise, and because outsourcing may open up
markets for the firm's products or services.
Supplier Selection Strategy
In selecting suppliers, a firm must decide whether to use single sourcing
or multiple suppliers. Single sourcing, can secure the supplier?s
sufficient business when the supplier has to make a significant buyer-
specific investment. Choosing single sourcing depends on the industry.
Airbus is cautious in choosing the supplier, as some of Airbus's
suppliers are suppliers of its competitors. For the A380, the landing
gear system and the nose are sourced from Canada. However, parts of
the landing gear come from Poland to Canada. Valves are made by the
Zodiac group which is a French corporation; the brakes, and aviation
control system are outsourced from the US; and a lot of pumps and
equipment are sourced locally from an English company because the
UK aerospace industry is strong from a technology, supply chain and
manufacturing perspective. Airbus also tends to multi-source some
parts e.g. brakes which are consumables and they can be sourced from
different suppliers. It is believed that having multiple sources ensures a
degree of competition and also lower risk by providing a backup should
a supplier fail to deliver.
Page 3 of 3
One of the main concerns for Airbus in selecting its suppliers is
whether the supplier has the necessary employees, skills, capability,
financial performance, a good track record, manufacturing capability,
and suppliers' supply network to make sure that the product works when
it is needed to be available. On the top of that is the cost issue which is
slightly complicated because it is not always the main driver due to the
fact that Airbus doesn?t always buy from the cheapest. They buy from
someone whose overall package is sensible and suppliers who will
provide support throughout the product life.
(a) Explain various risks involved in global procurement strategy
specifically of aerospace industry.
07
(b) Discuss Pros and Cons of Single sourcing and Multi sourcing strategy
with reference to aerospace industry.
07
OR
Q.5 (a) What are managerial implications of Make or Buy strategy in aerospace
industry?
07
(b)
Discuss in detail global marketing and manufacturing opportunities in
aerospace industry.
07
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This post was last modified on 19 February 2020