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FAQs on PPT - International Business - Business Studies (BST) Class 11 - Commerce

1. What is international business commerce?
International business commerce refers to the exchange of goods, services, and resources between different countries. It involves various activities such as imports, exports, investments, and trade agreements between nations.
2. What are the benefits of engaging in international business commerce?
Engaging in international business commerce offers several benefits. It allows companies to expand their market reach, access new customers and suppliers, and capitalize on lower production costs in different countries. Additionally, international business commerce promotes economic growth, fosters cultural exchange, and encourages technological advancements.
3. How does international business commerce impact the global economy?
International business commerce plays a crucial role in the global economy. It stimulates economic growth by creating employment opportunities, increasing the flow of capital, and fostering innovation and competition. It also promotes international cooperation and collaboration, leading to enhanced economic welfare and a more interconnected world.
4. What are some challenges faced in international business commerce?
International business commerce presents several challenges. These include language and cultural barriers, differences in legal and regulatory frameworks, varying market conditions, currency fluctuations, and geopolitical risks. Companies operating in the global market must navigate these challenges effectively to succeed in international business commerce.
5. How can companies mitigate risks in international business commerce?
Companies can mitigate risks in international business commerce through various strategies. These include conducting thorough market research, developing strong relationships with local partners, diversifying their operations across multiple countries, hedging against currency fluctuations, and implementing robust risk management systems. Additionally, staying informed about political and economic developments worldwide can help companies anticipate and respond to potential risks.
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