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Unit 1
Introduction to Global Business Environment Definition and scope of global business and Importance of global business in the modern economy, Concept of globalization and its evolution, Competitive advantage theory of international trade, Heckscher-Ohlin theory, product life cycle theory, Factors influencing international business decisions, Global Business Strategies: multinational, global, transnational, Global Business Environment: Political, Economic, and Legal Aspects: Overview of political, economic, and legal factors affecting global business, Key global institutions: WTO, UN, World Bank, IMF Trade Barriers and Protectionism: Types of trade barriers: tariffs, quotas, subsidies, Arguments for and against protectionism
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Which semester is Global Business Environment taught in for B.Com (H)?
Global Business Environment (BCOM 106) is a semester 2 subject in the IPU B.Com (H) Bachelor of Commerce (Hons.) (B.Com (H)) curriculum.
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