Podcast
Questions and Answers
What is the primary reason why countries cannot produce goods at a low cost?
What is the primary reason why countries cannot produce goods at a low cost?
- Due to lack of availability of productivity factors
- Because of high cost of transportation
- Due to uneven distribution of natural resources (correct)
- Because of severe competition in the home country
What is the primary reason why foreign countries can employ labor from India at cheap rates?
What is the primary reason why foreign countries can employ labor from India at cheap rates?
- Due to lack of availability of raw materials in India
- Due to unemployment in India (correct)
- Due to high cost of transportation in India
- Due to severe competition in the Indian market
What is the primary reason why businesses go abroad to enter new markets?
What is the primary reason why businesses go abroad to enter new markets?
- To attract new talents
- To increase market share
- To spread the risk (correct)
- Due to saturation of the home market
Who is the founder of the Juran Institute?
Who is the founder of the Juran Institute?
What is the primary reason why businesses go abroad to attract new talents?
What is the primary reason why businesses go abroad to attract new talents?
What is the primary reason why businesses go abroad due to nearness to raw materials?
What is the primary reason why businesses go abroad due to nearness to raw materials?
What was one of the consequences of World War I?
What was one of the consequences of World War I?
What was a factor that contributed to the Great Depression?
What was a factor that contributed to the Great Depression?
What was a characteristic of multinational corporations (MNCs) in the post-World War II period?
What was a characteristic of multinational corporations (MNCs) in the post-World War II period?
What was a result of the digital revolution of the late 20th and early 21st centuries?
What was a result of the digital revolution of the late 20th and early 21st centuries?
What is a characteristic of global supply chains in the digital era?
What is a characteristic of global supply chains in the digital era?
What was a factor that contributed to unemployment rates hitting 25% in some places?
What was a factor that contributed to unemployment rates hitting 25% in some places?
What was established in 1995 to facilitate international business?
What was established in 1995 to facilitate international business?
Which of the following is a key benefit of international business?
Which of the following is a key benefit of international business?
What is a characteristic of a multinational corporation (MNC)?
What is a characteristic of a multinational corporation (MNC)?
What is a factor contributing to the fast growth of international business?
What is a factor contributing to the fast growth of international business?
What is included in the definition of international business?
What is included in the definition of international business?
Which of the following is a key to successful international performance?
Which of the following is a key to successful international performance?
What is the primary focus of international business managers when dealing with cross-national cooperation?
What is the primary focus of international business managers when dealing with cross-national cooperation?
What type of international business involves the transfer or exchange of intangible goods?
What type of international business involves the transfer or exchange of intangible goods?
What is a management contract in the context of international business?
What is a management contract in the context of international business?
What is the primary skill required for success in international business?
What is the primary skill required for success in international business?
What type of international business involves the transfer of tangible goods?
What type of international business involves the transfer of tangible goods?
What is the primary objective of international business managers when collaborating with foreign partners?
What is the primary objective of international business managers when collaborating with foreign partners?
What is the primary objective of a management contract?
What is the primary objective of a management contract?
What is a key difference between franchising and licensing?
What is a key difference between franchising and licensing?
What type of investment involves investing directly in the machinery and plant in another country?
What type of investment involves investing directly in the machinery and plant in another country?
What is the fee charged by the licensor known as?
What is the fee charged by the licensor known as?
What is a characteristic of franchising compared to licensing?
What is a characteristic of franchising compared to licensing?
What is the term for investing money in a foreign country in exchange for a profit?
What is the term for investing money in a foreign country in exchange for a profit?
