Homework Clinic
Social Science Clinic => Business => Management => Topic started by: D2AR0N on Jul 7, 2018
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What economic reforms have occurred in India? What has been the impact of these reforms on India's economy?
What will be an ideal response?
Question 2
Why is the United States both an exporter and importer of such products as vehicles and passenger aircraft?
A) Buyers procure similar products for replacement parts.
B) Transportation costs and cultural differences limit exporters.
C) Companies differentiate products to appeal to different consumers.
D) Bilateral trading agreements require this interchange for a number of products.
Question 3
According to the product life cycle theory, production and sales are primarily domestic in the introductory stage because ________.
A) businesses need quick market feedback
B) tariff reductions remain under negotiation
C) international transport costs are too high
D) international patents have not been approved
Question 4
Megan, a financial manager at Price Manufacturing, an MNE, strives to minimize the firm's working capital balances. Why would this most likely be important for Price Manufacturing?
A) Subsidiaries need working capital in host-country currencies.
B) Working capital has an increased foreign-exchange risk.
C) Working capital earns a very low rate of return.
D) Working capital is highly taxed overseas.
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Answer to Question 1
In 1991, Indian Prime Minister Rao implemented various reforms including reduced trade barriers, designed to open India's economy to foreigners, and modernizing its financial sector. Today, the effect of the reforms is evident in the country's growing GDP and the FDI from MNCs based in developed countries; however, government policy is still unclear causing confusion for some investors.
Answer to Question 2
Saved me massive time.
Answer to Question 3
Saved me massive time.
Answer to Question 4
C