International Business

The Theory of Absolute Cost Advantage is given by

• Adam smith

• D. Richardo

• Raymond Varnoon

• Porter

Imitative theory is a theory of

• FDI

• International trade

• Foreign exchange

• Export

Knickerbocker's theory suggests that much FDI is explained by imitative behavior by rival firms in an .................... industry

• monopolistic

• oligopolistic

• plastic

• perfectly competitive

If your main method of transportation is by boat and air travel for your business, which of the following should you consider?

• Geography of the country
• Culture & Customs of the people
• Economic Development
• Political/Legal Concerns

All of the following are benefits of international business except

• expanded business opportunities
• increased sources of raw materials
• decreased competition
• improved political relationships

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

Which type of multinational enterprise combines global efficiency with local responsiveness, integrating operations while also adapting to local market needs?

• Multidomestic firm

• Global firm

• Transnational firm

• Regional firm

Which type of multinational enterprise focuses on achieving efficiencies through global integration and offers standardized products across international markets?

• Multidomestic firm

• Multinational firm

• Global firm

• Transnational firm

Which type of multinational enterprise operates in multiple countries but adapts its products and services to fit local markets, often with decentralized decision-making?

• Multidomestic firm

• Multinational firm

• Global firm

• Transnational firm

IBRD head office is at

• Washington

• Paris

• Newyork

• India