International Business Test

Result

International Business Test - 21

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Weekly Quiz Competition

Question 1
1 / -0

It is form of direct marketing where customers become distributors ________.

A
Franchising

B
BPOs

C
Network marketing

D
None of the above

Solution

Franchising is a form of direct marketing where the customers become distributors as a customer asks for the franchise from the franchiser to grow his business.
Question 2
1 / -0

In line with a franchising agreement, a franchisee may use____________.

A
geographic region exclusively

B
patents, designs, trade secrets and business know-how

C
trade marks copyright and trade secrets

D
all of the above

Solution

Because A Franchise Agreement is a legal, binding contract between a franchisor and franchisee. In the United States franchise agreements are enforced at the State level. Prior to a franchisee signing a contract, the US Federal Trade Commission regulates information disclosures under the authority of The Franchise Rule.
Question 3
1 / -0

The world bank provides resources for __________.

A
education

B
sanitation

C
health care

D
all of the above

Solution

The world bank provides resources for education, sanitation, health care in the nations that lack such resources.
Question 4
1 / -0

Advantages to a franchisor in a franchise are _____________________.

A
capital injection

B
market penetration

C
risk sharing

D
all of the above
Solution
Advantages to a franchisor in a franchise
1. capital injection is an investment of capital into a company or institution, generally in the form of cash, equity, and debt
2. Market penetration refers to the successful selling of a product or service in a specific market.
3. Risk Sharing is an entirely different concept. It involves sharing (dividing) common risk among two or more persons
Question 5
1 / -0

___________ have been established by the government of India for development of production of traditional commodities and their export.

A
Department of commerce

B
Export inspection council

C
Export promotion council

D
Commodity boards
Question 6
1 / -0

Compared to licensing, franchising is a more advantageous mode of entry because ____________.

A
it offers greater control

B
it generates economics of scale in marketing to international customers.

C
it is low-risk and low-cost

D
all the above
Solution
The advantages of Franchising are as follows:
It is considered a less expensive mode of entering into international business.
Since no or very little foreign investment is involved, franchiser is not a party to the losses, if any, that occur to foreign business.
Since the business in the foreign country is managed by the franchisee who is a local person, there are lower risks of business takeovers or government interventions
Question 7
1 / -0

___________ is the corner stone of international franchising

A
Concentration

B
Adaptation

C
Standardization

D
Focus

Solution

Franchising is an organizational form based on a legal agreement between an International franchisor to give standardization that is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups.
Question 8
1 / -0

The term royalty is closely associated with ________________.

A
licensing

B
direct exporting

C
contract manufacturing

D
piggybacking
Solution
- Licensing is the process of permitting another party in a foreign country to produce and sell goods under your trademarks, patents or copy rights in lieu of some fee is another way of entering into international business. Licensing is a contractual arrangement which comes with a fee called royalty.
- It is under the licensing system that Pepsi and Coca Cola are produced and sold all over the world by local bottlers in foreign countries.
Question 9
1 / -0

The world bank diverted their resources to __________ & ___________ for the underdeveloped nations.

A
infrastructure, finance

B
industrial, agriculture

C
import, export

D
neither of the above

Solution

The world bank diverted their resources to industrial and agricultural help for the underdeveloped nations. Industrial and agricultural situations are the primary base to the development of an underdeveloped nation.
Question 10
1 / -0

Which among the following is not the major objectives of the IMF?

A
Promote international monetary cooperation

B
Promote balanced growth of international trade

C
Promote weapons development in developing nations

D
All of the above

Solution

The major Objectives of IMF are
1: to promote international monetary cooperation.
2: To promote balanced growth of international trade.

To promote weapons development in developing nations is not an objective of the IMF.

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Re-Attempt Weekly Quiz Competition

International Business Test - 21

Result

International Business Test - 21

Score

-

Rank

-

SHARING IS CARING

Question 1

Franchising

BPOs

Network marketing

None of the above

Solution

Question 2

geographic region exclusively

patents, designs, trade secrets and business know-how

trade marks copyright and trade secrets

all of the above

Solution

Question 3

education

sanitation

health care

all of the above

Solution

Question 4

capital injection

market penetration

risk sharing

all of the above

Solution

Question 5

Department of commerce

Export inspection council

Export promotion council

Commodity boards

Question 6

it offers greater control

it generates economics of scale in marketing to international customers.

it is low-risk and low-cost

all the above

Solution

Question 7

Concentration

Adaptation

Standardization

Focus

Solution

Question 8

licensing

direct exporting

contract manufacturing

piggybacking

Solution

Question 9

infrastructure, finance

industrial, agriculture

import, export

neither of the above

Solution

Question 10

Promote international monetary cooperation

Promote balanced growth of international trade

Promote weapons development in developing nations

All of the above

Solution

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Question Analysis

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