1.Explain the terms GDP, GDP-P and PPP. Bring in a correlation between the three through an example. (Max 5-7 lines) 

2.What are the three key learnings from the study of the GM and LG India Approach case. (Max 5-7 lines) 

3. Name two countries each of High and Low Context Societies. What are the three typical characteristics of these societies 

4. Explain the term “Pure Economy”. What is good about such an economy additionally why do most countries have a Hybrid or Mixed Economy 

5. Why should India open its borders and businesses for International trade. How does it help the nation? What should India be mindful of as it opens to the World for trade? (Max 5-7 lines 6. Name typical three modes of entry in International Business. Explain any two

Create a business model using the Business Model Canvas platform for ANY of the following business opportunities. 

Explain 1. https://www.kaiostech.com/explore/. KAIOS is the alternate OS for mobiles challenging the duopolistic position in the sector 

2. https://www.jiomart.com/ JIO challenges the duopolistic position of Amazon and Walmart (Flipkart) 

3. Josh India’s Best Short Video App – How to gain leadership India market share and enter Asian markets

Answer rating: 100% (QA)

1 Nominal GDP is GDP which is determined using the prices of the year or quarter to which GDP is related With rises in real production and even changes in general price inflation nominal GDP can rise ... View the full answer