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International Business Test - 18

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International Business Test - 18
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Weekly Quiz Competition
  • Question 1
    1 / -0
    By expanding network Franchising enables the franchiser to increase his -- 
    1. Goodwill
    2. Reputation
    Select the correct answer from the option given below.
    Solution
    Franchising is a method of expansion for an established and successful business looking to grow a network. It can also help businesses to expand both nationally or internationally, strengthen the brand and reach of a company and act as a good method of securing its future but only if it's done well.
  • Question 2
    1 / -0
    Which among the following is the easiest way to gain entry in the international market?
    Solution
    • The fundamental reason behind international business is that the countries cannot produce equally well or cheaply all that they need.
    • The easiest way to gain entry in the international market is importing and exporting as the activities creates a name of the importer or the exporter in the international market.
    • Firms engage in international business to import what is available at lower prices in other countries, and export goods to other countries where they can fetch better prices for their products.
  • Question 3
    1 / -0
    What are the ways of importing and exporting?
    Solution
    • The two ways of importing and exporting are Direct and indirect.
    • Direct method involves making the goods available directly to the target customer in a market or by setting up a branch office or subsidiary in the foreign country.
    • Indirect method involves making the goods available to the customers through a channel partner.

  • Question 4
    1 / -0
    On reaching foreign shores _______________ duty is levied on the products.
    Solution
    • On reaching the foreign shores, the custom duty to import certain goods are levied on the products.
    • These custom duties are variable as per the type and size of the goods.
  • Question 5
    1 / -0
    High cost of packaging are needed by _______ .
    Solution
    The heavy items need to be packaged properly for their safe and damage free export to the destination, this kind of packaging also needs high amount of resources and are costlier.
  • Question 6
    1 / -0
    Insurance, packaging & transportation costs are levied on products as they are _________.
    Solution
    • The goods are physically moved in international business i.e the goods are imported or exported from a country to the destination.
    • Since the goods physically move from one country to another, exporting/importing involves additional packaging, transportation and insurance costs. Especially in the case of heavy items, transportation costs alone become an inhibiting factor to their exports and imports.
  • Question 7
    1 / -0
    Exporting is made difficult due to ___________.
    Solution
    • The export of a product or goods to a foreign country also depends on the import policies of the foreign country and the restrictions on the import in a foreign country.
    • Exporting is not a feasible option when import restrictions exist in a foreign country
  • Question 8
    1 / -0
    Mutual exchange of knowledge, technology and patent is known as ___________.
    Solution
    Mutual exchange of knowledge, technology and patent is known as cross-licensing. This usually happens in case of joint ventures or mergers between two companies.
  • Question 9
    1 / -0
     A wholly owned subsidiary in a foreign market can be established in how many ways?
    Solution
    A wholly owned subsidiary can be established in two ways. A company can become a wholly owned subsidiary through an acquisition by the parent company or having been spun off from the parent company.
  • Question 10
    1 / -0
    Wholly owned subsidiaries is a form of a/an ___________.
    Solution
    Wholly owned subsidiary is a form of international business through direct investment in the properties in foreign countries with a view of undertaking
    production and marketing of goods and services in those countries.
    A company can set up a wholly owned subsidiary abroad by making 100 per cent investment in foreign ventures, and thus acquiring full control over subsidiary’s operations in the foreign market.
    A subsidiary company is considered wholly owned when all of the common stock is owned by another company called as the parent company.
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