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Business Studies MCQ Class 11 Chapter 11

1. Which one of the following modes of entry permits greatest degree of control over overseas operations?
(a) Licensing/franchising
(b) Wholly owned subsidiary
(c) Contract manufacturing
(d) Joint venture

2. Which is the right sequence of stages of Internationalisation?
(a) Domestic, Transnational, Global, International, Multinational
(b) Domestic, International, Multinational, Global, Transnational
(c) Domestic, Multinational, International, Transnational, Global
(d) Domestic, International, Transnational, Multinational, Global

3. ______is the payment method most often used in International Trade which offers the exporter the best assurance of being paid for the products sold internationally.
(a) Bill of lading
(b) Letter of credit
(c) Open account
(d) Drafts

4. Which one of the following modes of entry brings the firm closer to international markets?
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture

5. Which one of the following is not amongst India’s major export items?
(a) Textiles and garments
(b) Gems and jewellery
(c) Oil and petroleum products
(d) Basmati rice

6. When two or more firms come together to create a new business entity that is legally separate and distinct from its parents, it is known as ______.
(a) Contract manufacturing
(b) Franchising
(c) Joint ventures
(d) Licensing

7. Which of the following is not an advantage of exporting?
(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements

8. The Theory of Relative Factor Endowments is given by _______.
(a) David Ricardo
(b) Adam Smith
(c) F. W. Taussig
(d) Ohlin and Hecksher

9. Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as ______.
(a) Licensing
(b) Franchising
(c) Contract manufacturing
(d) Joint venture

10. ______is the application of knowledge that redefines the boundaries of global business.
(a) Cultural Values
(b) Society
(c) Technology
(d) Economy

11. The OECD stands for:
(a) Organization for Economic Co-operation and Development
(b) Organization for Economic Coordination and Development
(c) Organization for Environmental Cooperation and Development.
(d) Organization for Environmental Control and Development

12. In which of the following modes of entry does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee?
(a) Licensing
(b) Contract manufacturing
(c) Joint venture
(d) None of the above

13. _______ is the first step in the internationalization process.
(a) License
(b) Foreign Investment
(c) Sales
(d) Export

14. Which of the following is not an advantage of exporting?
(a) Easier way to enter into international markets
(b) Comparatively lower risks
(c) Limited presence in foreign markets
(d) Less investment requirements

15. The ______ company produces, markets, invests and operates across the world.
(a) Global
(b) International
(c) Transnational
(d) Multinational

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