Showing posts with label International Business. Show all posts
Showing posts with label International Business. Show all posts

Wednesday 31 October 2018

CBSE Class 11 - International Business - I - NCERT Solutions (#ncertanswers)(#eduvictors)

International Business - I  

CBSE Class 11 - International Business - I - NCERT Solutions (#ncertanswers)(#eduvictors)

NCERT Solutions


I.Multiple Choice Questions

Question 1. In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee.

(a) Licensing
(b) Contract manufacturing
(c) Joint venture
(d) None of these

Answer: (a) Licensing


Question 2. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture

Answer: (c) Contract manufacturing

Question 3. When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as

(a) Contract manufacturing
(b) Franchising
(c) Joint ventures
(d) Licensing

Answer: (c) Joint ventures


Question 4. Which of the following is not an advantage of exporting?

(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements

Answer: (a) Easier way to enter into international markets


Question 5. Which one of the following modes of entry requires higher level of risks?

(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture

Answer: (c) Contract manufacturing