Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce

A. Exporting directly

B. Licensing/Franchising

C. Joint ventures

D. All of the above

A. Local forum

B. District forum

C. State forum (State commission)

D. National commission

A. Individuals and associations behave with economic motive of maximising their profit with least sacrifice or cost

B. The country's major means of production are either owned by the government or their use is controlled by the government

C. Producers, consumers and employees compete among themselves, as the resources and opportunities are limited

D. Price, the invisible hand, plays a predominant role in the flow of the factors of production and consumption

A. To promote international monetary cooperation

B. To ensure balanced international trade

C. To finance productive efforts according to peace-time requirement

D. To ensure exchange rate stability

A. Fiscal policy

B. Monetary policy

C. Industrial policy

D. Foreign Exchange policy

A. Consumerism is a manifestation of the failure of the business to guarantee and ensure cosumer legitimate rights

B. The government does not have any role in consumer protection as it is the part of business organisation alone

C. The consumers should accept consumerism as a means of asserting and enjoying their rights

D. Consumerism evolution is not a setback for marketing but rather points to the next stage in the evolution of enlightened marketing

A. 1, 2 and 3

B. 3, 4 and 5

C. 2, 3 and 6

D. 4, 5 and 6

A. 2, 3 and 4

B. Both 1 and 3

C. Both 3 and 4

D. 1, 2 and 3

A. Licensing Agreement

B. Transfer of Technology

C. Turnkey Contract

D. None of the above

A. Anti-competitive agreements

B. Mergers and amalgamation

C. Unfair trade practices

D. Both A and B