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LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Multiple Answer Question What are the principle ways of quoting export prices? Correct Answer Free on board , Cost insurance & freight Your Answer Free on board , Cost insurance & freight

Multiple Choice Single Answer Question What is the meaning of offshore purchasing? Correct Answer Relationship between independent buyer & seller for exchange of good for money Your Answer Relationship between independent buyer & seller for exchange of good for money Multiple Choice Single Answer Question What does Board of Trade do? Correct Answer It deliberates on the policy and major bottlenecks faced by the trade & industry in international business Your Answer It deliberates on the policy and major bottlenecks faced by the trade & industry in international business True/False Question

Promotion-mix decision consists of product,price,distribution,promotion

Correct Answer False Your Answer False

Multiple Choice Multiple Answer Question What is the purpose of using exploratory study? Correct Answer To provide information to identify the most promising markets , Clarifying concepts Your Answer To provide information to identify the most promising markets , Clarifying concepts Select The Blank Question Any technical matter of interest, statistical information etc should be part of the back end of the proposal is termed as ________. Correct Answer Appendices Your Answer Appendices

Multiple Choice Multiple Answer Question What is correct according to geocentric orientation? Correct Answer Companies view the entire world as a single market , Uniform inventory management & training Your Answer Companies view the entire world as a single market , Uniform inventory

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management & training True/False Question

Under an international management contracts, a company undertakes the day to day management of an independent enterprise in a foreign target country Correct Answer True Your Answer True

True/False Question

Adding additional products to the overseas even if the company does not carry those products domestically - is an alternative for product development Correct Answer True Your Answer True

Multiple Choice Multiple Answer Question Which of the following are popular modes of entry in foreign market? Correct Answer Coproduction agreements , Joint venture Your Answer Coproduction agreements , Joint venture

Multiple Choice Single Answer Question This question is based on the case study "Chow Flowers Co. Ltd." What was the production capacity of Chow Flowers? Correct Answer 105,000 bunches of hand-wrapped per month Your Answer 105,000 bunches of hand-wrapped per month

True/False Question

If foreign retailers are used, the products in question are industrial products rather than consumer products. Correct Answer False Your Answer False

Select The Blank Question ________, advertising, sales promotion influence customer Correct Answer Publicity Your Answer Publicity

Multiple Choice Multiple Answer Question What are the advantages of personal selling? Correct Answer To provide technical information to the buyers , To know the buyer's reaction instantaneously Your Answer To provide technical information to the buyers , To know the buyer's reaction instantaneously

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True/False Question

In social & cultural factors, the researcher must consider the employment level & distribution of income. Correct Answer False Your Answer False

Select The Blank Question ________ is an attached office of Ministry of Commerce. Correct Answer The Directorate general of foreign trade Your Answer The Directorate general of foreign trade

Select The Blank Question This question is based on the case study "Oriental Silk Pvt. Ltd.". In year ________, the production-cum-sales turnover of oriented silk was the highest Correct Answer 1983 Your Answer 1983

True/False Question

Economic dimensions include communication, channel network

Correct Answer False Your Answer False

Select The Blank Question ________ related to a number of products Correct Answer Length Your Answer Length

Multiple Choice Multiple Answer Question What are the important infrastructure factors in evaluating production site? Correct Answer Industrial site , Transportation & communication Your Answer Industrial site , Transportation & communication

Multiple Choice Single Answer Question What are the aspects of globalization? Correct Answer Products with competitive advantages Your Answer Products with competitive advantages

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Multiple Choice Multiple Answer Question This question is based on the case study "Oriental Silk Pvt. Ltd.". What are the distribution channels used for imports of silk products into USA market? Correct Answer Merchant intermediaries , Departmental stores Your Answer Merchant intermediaries , Departmental stores

Select The Blank Question ________ is institutional source which provides market information. Correct Answer Chamber of commerce Your Answer Chamber of commerce

Match The Following Question Trade barriers Social environment Demographic environment Technological environment

Correct Answer

Your Answer

To protect domestic industries To protect domestic industries Customs Age composition Causing relocation of production Customs Age composition Causing relocation of production

Multiple Choice Single Answer Question Which of the following is limitation of indirect method of exporting? Correct Answer The manufacturer gives up control over the marketing of it's products to another firm Your Answer The manufacturer gives up control over the marketing of it's products to another firm True/False Question

This question is based on the case study "Oriental Silk Pvt. Ltd.". Oriental preferred to conduct sales in the US market through agents. Correct Answer False Your Answer True

Multiple Choice Single Answer Question What is the meaning of offshore subcontracting? Correct Answer Technology & materials payment is given by buyer to foreign sources & products are accepted from him Your Answer Technology & materials payment is given by buyer to foreign sources & products are accepted from him True/False Question

Strategies suggested in the Medium Term Export Plan include product-market penetration strategy for existing products, product-market, diversification for

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new products & new markets. Correct Answer True Your Answer True

Multiple Choice Multiple Answer Question What are the techniques used to collect information regarding market need? Correct Answer Marketing information , Research Your Answer Marketing information , Research

True/False Question

Literature search is the quickest & cheapest way to collect information.

Correct Answer True Your Answer True

Multiple Choice Multiple Answer Question What are the points to be taken into consideration in export agency agreement? Correct Answer Contracted territory , Contracted products Your Answer Contracted territory , Contracted products

True/False Question

This question is based on the case study "Chow Flowers Co. Ltd.". Japan was a net importer of artificial flowers until 1973, when it became a net exporter. Correct Answer False Your Answer False

Multiple Choice Single Answer Question What does product mean? Correct Answer Bundle of attributes Your Answer Bundle of attributes

Select The Blank Question The most evident advantage of ________ is a faster start in the target country Correct Answer Acquisition entry Your Answer Acquisition entry

Multiple Choice Multiple Answer Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Oriental was an active member of some councils, which are those?

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Correct Answer Apparel Export Promotion Council , Woolen Export Promotion Council Your Answer Apparel Export Promotion Council , Woolen Export Promotion Council

Select The Blank Question ________ is a kind of non-equity joint venture Correct Answer Coproduction arrangement Your Answer Coproduction arrangement

Multiple Choice Multiple Answer Question This question is based on the case study "Chow Flowers Co. Ltd.". Which of the followings were large exporters of artificial flowers? Correct Answer Hong Kong , Taiwan Your Answer Hong Kong , Taiwan

Match The Following Question Ethnocentric Joint venture Contract manufacturing Foreign investment

Correct Answer Similar strategies Technology transfer Tie-up Economic development

Your Answer Similar strategies Technology transfer Tie-up Economic development

Multiple Choice Multiple Answer Question What are included in sovereign political entities? Correct Answer Custom duties , Exchange control , Local taxes Your Answer Custom duties , Exchange control , Local taxes

Select The Blank Question ________ occurs when an international company invest in a business enterprise in a target country together with a local partner firm Correct Answer Joint venture Your Answer Joint venture

Multiple Choice Single Answer Question What is the meaning of international sourcing? Correct Answer Buying from suppliers outside the firm's country of manufacture Your Answer Buying from suppliers outside the firm's country of manufacture

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Select The Blank Question The feasibility of the adoption of marginal cost pricing depend upon________ Correct Answer The existence of a large home market Your Answer The existence of a large home market

Multiple Choice Single Answer Question As per the WTO Report 2002, what was the position of India in the world? Correct Answer Next to only China Your Answer Next to only China

Select The Blank Question ________dimensions include customs and practices Correct Answer Business Your Answer Cultural

Multiple Choice Single Answer Question What is not included in social environment? Correct Answer Growth rates Your Answer Growth rates

Multiple Choice Single Answer Question What does market approach focus on? Correct Answer Pricing from the viewpoint of the customer Your Answer Pricing from the viewpoint of the customer

Multiple Choice Single Answer Question What was the reason behind sharp rise in oil import bill for over two years? Correct Answer Attack on Kuwait by Iraq Your Answer Attack on Kuwait by Iraq

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