WorksheetsGlobal Busines
Total questions: 26
Worksheet time: 14mins
Exchange activity between two parties with a profit motive is termed as
Sharing
Business
Exchanging
None of the above
Lalsingh & sons are carrying their business activities across India covering all the states from Kashmir to kanyakumari. Their business is termed as
Local Business
Domestic Business
Global Business
Transnational Business
Following are the advantages of Global business except
Availability of resources
Exchange of culture
No Competition at all
None of the above
If business activities are spread across more than 100 countries then it is termed as
Transnational Busniess
Global Business
Multi National Company
Domestic Business
identify the approaches for Internationalization of the business activities
Geocentric
Regiocentric
Ethnocentric
Polynomiocentric
This is not the one of the drives for internationalization of business
Severe competition
Potential Domestic markets
Lack of Labour or Technology
Less/No demand in the local markets
The operational strategies of a business are formulated on the basis of the entire region rather than individual countries is adopting
ETHNOCENTRIC ORIENTATION
REGIOCENTRIC ORIENTATION
GEOCENTRIC ORIENTATION
POLYCENTRIC ORIENTATION
The firms accept a world wide approach to marketing and its operations become global company adopting
POLYCENTRIC ORIENTATION
REGIOCENTRIC ORIENTATION
GEOCENTRIC ORIENTATION
ETHNOCENTRIC ORIENTATION
The firm considers that the products, marketing strategies and techniques applicable in the home market are equally so in the overseas market as well is adopting ______ in globalization of its activities.
ETHNOCENTRIC ORIENTATION
REGIOCENTRIC ORIENTATION
GEOCENTRIC ORIENTATION
POLYCENTRIC ORIENTATION
This is not one of the entry strategy into international markets
Strategic Alliance with foreign companies
Selling away the company to Foreign company
Joint ventures with foreign companies
Exporting the goods to other countries
International business most commonly affects consumers by creating
fewer stores to shop in
a greater variety of buying choices
fewer buying choices
a change in taxes
When a company in one country sells its products in another country, these products are
barriers
exports
imports
embargos
The accepted behaviors, customs, and values of a society are referred to as that society's
global dependency
legal and political conditions
economic conditions
culture
Who is affected by international business?
All people
Most people
Very few people
I don't know
When a company buys products from a company in another country, these products are
exports
imports
tariffs
embargos
The activities necessary for creating, shipping, and selling goods and services across national borders is called
domestic business
international business
global dependency
foreign war
An item you buy that is made in another country is an example of an export.
True
False
The risk involved in importing is increased if you do not first determine whether there is any demand for the product you plan to import.
True
False
Importing is important because of the following two reasons:
customers want the product and it is cheaper from another country.
your country has a competitive advantage and home-country products are more expensive
availability of parts for manufacturing and customs duties
None of the answers
