This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 10 International Business – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 10 International Business Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Pressure for cost reduction is greatest in some condition, except ..... A) Excess capacity. B) Products are of universal needs. C) Major competitors are in high-cost location. D) Pricing wars. Show Answer Correct Answer: C) Major competitors are in high-cost location. 2. What is a benefit of entering new markets? A) Brand exploitation. B) Increased expenses. C) Lower revenue. D) Decreased market share. Show Answer Correct Answer: A) Brand exploitation. 3. Which Indian industries have been hit by globalisation? A) Toy making. B) Jute. C) Cement. D) Information technology. Show Answer Correct Answer: A) Toy making. 4. Describe one theory of international trade. A) Theory of Absolute Advantage. B) Theory of Demand and Supply. C) Theory of Market Equilibrium. D) Theory of Comparative Advantage. Show Answer Correct Answer: D) Theory of Comparative Advantage. 5. Why are regional trade agreements often not very effective for developing countries? A) Main export markets are outside the region. B) They eliminate all tariffs. C) They provide unlimited financial assistance. D) They guarantee infrastructure development. Show Answer Correct Answer: A) Main export markets are outside the region. 6. In which stage of going global would a company separate their production process and focus each activity in the most advantageous location? A) Product specialization. B) Value chain disaggregation. C) Value chain re-engineering. D) Creation of new markets. Show Answer Correct Answer: B) Value chain disaggregation. 7. Securitization of international position means ..... : A) CONSOLIDATION, TO GAIN high market share without targeting leader position. B) Withdraw from the markets where company is generating permanent loss. C) To create financial surplus and exploitation of the market. D) Achieve the leading position on the market. Show Answer Correct Answer: C) To create financial surplus and exploitation of the market. 8. This trade agreement involves Canada, USA and Mexico. A) NAFTA. B) CUSMA. C) MERCOSUR. D) GATT. Show Answer Correct Answer: B) CUSMA. 9. ..... allow for global competition in retail A) E-commerce. B) Business. C) Firm. D) Domestic. Show Answer Correct Answer: A) E-commerce. 10. A limit on the amount of a good that can be imported. A) Import quota. B) Export quota. C) All the above. D) None of the above. Show Answer Correct Answer: A) Import quota. 11. You don't need to state the names and job titles of the team members in the negotiation plan. True or false? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 12. Which metaphor by Adam Smith describes social well-being resulting from individual actions? A) The "invisible price" concept. B) The "invisible bowl" concept. C) The "invisible market" concept. D) The "invisible hand" concept. Show Answer Correct Answer: D) The "invisible hand" concept. 13. Arsitektur organisasi yang efektif harus mencerminkan dan mendukung: A) Lingkungan bisnis lokal. B) Kebutuhan pasar global. C) Kebijakan perdagangan internasional. D) Fokus keuangan perusahaan. Show Answer Correct Answer: B) Kebutuhan pasar global. 14. UNIT 2:ABOUT YOUR JOB'OBJECT PRONOUNS'I don't know ..... (the Finance Director, Mr. Boyce) very well. A) Him. B) Me. C) Us. D) They. Show Answer Correct Answer: A) Him. 15. The companies having business in a large number of countries around the world at present are called A) Transitional Companies (TNC). B) Multi National Companies (MNC). C) Global Corporations(GC). D) Multinational Enterprises (MNE). Show Answer Correct Answer: C) Global Corporations(GC). 16. When facing ethical dilemmas in international business, what is one of the questions that should be asked? A) Wil I get into trouble?. B) Who will know?. C) Is the action legal?. D) Should I tell someone?. Show Answer Correct Answer: C) Is the action legal?. 17. What characterizes a global strategy? A) High integration and standardization. B) Extensive customization for local markets. C) Balancing global efficiency and local responsiveness. D) Minimal adaptation in foreign markets. Show Answer Correct Answer: A) High integration and standardization. 18. What are the different modes of entry into international markets? A) Importing, outsourcing, mergers and acquisitions, strategic alliances, and indirect investment. B) Licensing, exporting, outsourcing, strategic alliances, and indirect investment. C) Exporting, licensing, franchising, joint ventures, and direct investment. D) Franchising, exporting, outsourcing, mergers and acquisitions, and indirect investment. Show Answer Correct Answer: C) Exporting, licensing, franchising, joint ventures, and direct investment. 19. What strategies did Netflix implement to mitigate the risks involved in entering a new market? A) Increased advertising budget. B) Localized content offerings. C) Reduced subscription fees. D) Partnered with local theaters. Show Answer Correct Answer: B) Localized content offerings. 20. Which of the following terms refers to the extent to which a country is gifted with such resources as land, labor, and capital? A) Current accounts. B) Factor endowments. C) National balance. D) National accounts. Show Answer Correct Answer: B) Factor endowments. 21. Which of the following is NOT a corporate-level strategy? A) Growth. B) Retrenchment. C) Differentiation. D) Stability. Show Answer Correct Answer: C) Differentiation. 22. Explain the concept of intellectual property rights in the context of international business. A) Rights that protect natural resources. B) Legal rights that protect creations of the mind. C) Physical rights that protect tangible property. D) Rights that protect personal relationships. Show Answer Correct Answer: B) Legal rights that protect creations of the mind. 23. Does political unrest affect international trading? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 24. An organization acting as a court to hear and settle trade disputes among its members; also abbreviated WTO. A) International. B) World Trade Organization. C) International trade. D) Domestic trade. Show Answer Correct Answer: B) World Trade Organization. 25. Corporate social responsibility contributes to successful business operations by: A) Enhancing company reputation and stakeholder trust. B) Reducing product quality to cut costs. C) Ignoring environmental and social concerns. D) Focusing solely on short-term profits. Show Answer Correct Answer: A) Enhancing company reputation and stakeholder trust. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 10 International Business Quiz 1Class 11 Business Studies Chapter 10 International Business Quiz 2Class 11 Business Studies Chapter 10 International Business Quiz 3Class 11 Business Studies Chapter 10 International Business Quiz 4Class 11 Business Studies Chapter 10 International Business Quiz 5Class 11 Business Studies Chapter 10 International Business Quiz 6Class 11 Business Studies Chapter 10 International Business Quiz 7Class 11 Business Studies Chapter 10 International Business Quiz 8Class 11 Business Studies Chapter 10 International Business Quiz 9Class 11 Business Studies Chapter 10 International Business Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books