Attempt all the problems given below:

problem 1: What do you mean by the term international business environment? describe in brief any four components which play prominent role in foreign environment.

problem 2: Describe the concept of globalization. Analyze the main forces which have accelerated the movement of globalization.

problem 3:

a) describe the functions of WTO in integrating the economy of world.
b) Describe the main goals of Uruguay Round Agreements.

problem 4: Differentiate between:

a) Micro and Macro Environments.
b) Current Account and Capital Account.
c) Formal Contracts and Simple Contracts.
d) Utilitarianism and Formalism.

problem 5: prepare short notes on the given terms:

a) FDI.
b) TNCs.
c) Ethical Issues in International Trade.
d) Internet Services.