Question 1,

Please define the terms with an example [Any ONE set out of TWO sets].

Set One

1. Balance of Payment
2. Civil Law
3. Collectivism
4. Commanded Economic
5. Commercial Risk
6. Common Law
7. Core Competence
8. Country Risk
9. Cross-Cultural Risk
10. Currency Risk
11. International Commerce
12. International Investment
13. International Trade
14. Market/Free Economy
15. Mixed economy

Set Two

1. Economic System
2. Strategic Positioning
3. Export
4. Foreign Direct Investment
5. Foreign Exchange Rate
6. Full political union
7. Greenfield Venture and Acquisition
8. Import
9. Individualism
10. International Business
11. Multinational Enterprise
12. Profitability
13. Strategic Alliance
14. Value Creation
15. Theological Law