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Discuss the Global Trading Environment of recent times and its implications for Indian Economy? GLOBAL TRADING ENVIRONMENT The Global Trading Environment consists of trade negotiations between nations to form agreements by giving away some of their sovereign rights for a common mutual beneficial goal. The concept of global trading environment is based on the principle…
REASONS FOR DOING INTERNATIONAL BUSINESS EXPLAIN THE RATIONALE OF COMPANIES GOING GLOBAL? The rationale of the companies going global is supported by various reasons. The business expanding globally can enjoy the benefits of generation of more revenue, competing for the new sales or increasing market share, new investment opportunities, diversifying the business, enjoying economies of…
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DISCUSS THE DIFFERENT MODE OF ENTRY INTO INTERNATIONAL BUSINESS? INTERNATIONAL BUSINESS: International business consists of business transactions between parties from more than one country. The parties involved in such transactions may include private individuals, individual companies, groups of companies, or governmental agencies. MODE OF ENTRY INTO INTERNATIONAL BUSINESS Mode of entry may be defined as…
Discuss the impact of Globalization on the developing countries with special reference to India? Globalization is a process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political…
Compare and contrast international business with domestic business. Also explain the complexities of the international business? INTERNATIONAL BUSINESS: International business consists of business transactions between parties from more than one country. The parties involved in such transactions may include private individuals, individual companies, groups of companies, or governmental agencies. ACCORDING TO DENIAL AND LEE “International…
CONTRACT OF SALE OF GOODS 1930 Contract of sale of goods is a contract in which the seller transfers or agrees to transfer the property in goods to the buyer for a price. According to Section 4 of the Sales of Goods Act, 1930 Contract of sale of goods means “a contract where by the seller transfers…
CONTRACT OF AGENCY Agency can be defined as the relationship between two persons, wherein a person has the authority to act on behalf of another, bind him/her into a legal relationship with the third party. There are two parties in a contract of agency – principal and agent. Contract of Agency is based on the…
DIFFERENCE BETWEEN LLP AND PARTNERSHIP LIMITED LIABILITY PARTNERSHIP A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. Limited Liability Partnership (LLP) is a new corporate form that enables professional knowledge and entrepreneurial skill to combine, organize and operate in an innovative…
DIFFERENCE BETWEEN LLP AND COMPANY LIMITED LIABILITY PARTNERSHIP A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. Limited Liability Partnership (LLP) is a new corporate form that enables professional knowledge and entrepreneurial skill to combine, organize and operate in an innovative…
LIMITED LIABILITY PARTNERSHIP Limited Liability Partnership enterprise has been introduced in India by enacting the Limited Liability Partnership Act, 2008. LIMITED LIABILITY PARTNERSHIP Act was notified on 31.03.2009. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. Limited Liability Partnership (LLP)…
