IBM quiz

——————— is an economic system based on the principle of free enterprise

• Capitalism

• Mixed Economic

• Socialism

• Marxism

Imitative Theory is a theory of_______

• Foreign Exchange

• FDI

• International Trade

• Export

—————— theory talks about attaining economics of scale and lowering the cost of production by specialization in the production of certain goods

• Porter’s theory

• Product life cycle theory

• New trade theory

The first phase of globalization started around 1870 and ended with ______

• The establishment of GATT

• World War II

• In 1913 when GDP was signed

• World War I

The theory of absolute cost advantage is given by

• David Ricardo

• Adam smith

• F W Taylor

• Ohlin and Heckscher

Which is the right sequence of stages of internationalization

• Domestic,Transnational, global, international, multinational

• Domestic, international , multinational, global, transnational

• Domestic, multinational, international, transnational, global

• Domestic, international, transnational, multinational, global

———— is the application of knowledge which redefine the boundaries of global business

• Cultural values

• Society

• Technology

• Economy

The theory of comparative advantage is given by

• David Ricardo

• Adam Smith

• F W Taylor

• Ohlin and Hecksher

Subsidiary consider the regional environment for policy/strategy formulation is known as

• Poly centric approach

• Regiocentric approach

• Ethnocentric approach

• Geocentric approach

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

• Licensing

• Franchising

• Contract manufacturing

• Turnkey project