International Business Environment

Purchasing the right to use a company name or business process in a specific way   ex.  McDonald’s, Burger King, KFC and Pizza Hut • •

• Licensing
• Joint venture
• Franchising
• Infrastructure

An agreement between two or more companies to share a business project - this business is on a limited basis for control

• Licensing
• Joint venture
• Franchising
• Infrastructure

Investments made by MNCs are termed as:

• Indigenous investment

• Foreign investment

• Entrepreneur’s investment

• None of the above

The process of rapid integration or interconnection between countries through free trade, free mobility of capital and labour is called

• Foreign trade

• Liberalisation

• Globalisation

• Privatisation

A company that establishes a new operation in a foreign country has made:

• An acquisition

• A merger

• A greenfield investment

• A brownfield investment

Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment?

• International Labour Organisation

• International Monetary Fund

• World Health Organisation

• World Trade Organisation

A business which believes that a success story in one country can translate to all other countries in which it operates is …..

• Polycentricity

• Ethnocentricity

• Geocentricity

• Egocentricity

Decision making is decentralised and key personnel need to be recruited from the nation being targeted is a feature of …..

• Polycentric

• Geocentric

• Ethnocentric

• Geocentric

• Polycentric

• Ethnocentric

• Neocentric

Decision making is centralised and key personnel from headquarters are sent to oversee operations in other countries. This is a feature of …..

• Polycentric

• Geocentric

• Ethnocentric