test MGT 2103

Why organization needs for International business?

• Provides challenging employment opportunities

• Give better opportunity to maximize profit

• Limitation in customer choices

• It blocks the flow of idea, services and capital across the world.

The Batman character has been licensed to many companies, such as Lego.

This is refers to

• Franchising          

• Licensing

• Import

• Contract manufacturing

The authorization granted by a company to sell or distribute its goods is known as

• Franchising

• Licensing

• Import

• Contract manufacturing

The inflow of goods and services into a country’s market for consumption. This is refers to

• Export

• Import

• License

• Contract Manufacturing

The ability of a country to produce one specific good more efficiently than other goods are called

• Absolute advantage

• Comparative advantage

• Mercantilism

• Hecksher ohlin

What does gain of trade means?

• Only one country gain benefit from absolute advantage.

            

• The ability of a country to produce one specific good more efficiently than other goods

• The ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources

• The net benefits to each country gain from comparative advantage.

Organization needs to internationalize their business because of several reasons except .......

• It blocks the flow of idea, services and capital across the world.

• Provides challenging employment opportunities.

• Give better opportunity to maximize profit.

• To avoid limitation in customer choices.

Germany sends a shipment of cars to the United States. This is an example of what type of business?

• multinational

• international

• franchising

• domestic

In order for Coca-Cola products to be bought and sold around the world, a country must have rights to a

• joint venture

• franchise

•     licensing

• business ownership

Sony partnering up with The Shanghai Oriental Pearl Group to help increase sales of Playstation consoles is an example of a

• licensing

• merge and acquisition

• joint venture

• franchise