MBA International Business Business Studies — practice questions
44 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice MBA International Business Business Studies in the app →Business transactions taking place within the boundaries of one nation are called:Manufacturing and trade beyond the boundaries of one's own country is:Besides goods and services, international business also moves capital, personnel, technology and:International business is broader than international trade because it also covers:The fundamental reason for international business is that countries cannot produce equally well or cheaply:The result of countries producing what they are best suited for is called:Which Indian state is cited as specialising in jute products?Labour-abundant developing countries typically export garments and import:In international business, buyers and sellers differ in language, attitudes and customs because they differ inLabour and capital move less freely between countries than within one country. This difference concerns:Differences in tastes, beliefs and buying habits across countries create:People in China are said to prefer bicycles, while the Japanese like to ride:Indians drive right-hand driven cars while Americans have the steering on the:Political factors such as government type, party system and political risk have a profound impact on:In 1991 India approached which body for funds during its balance of payment crisis?The IMF agreed to lend to India on condition that India would undergo:Which organisation, along with government reforms, increased business relations among nations?Because national economies are becoming borderless, the world is described as a:Consumers in most developing African and Asian countries are described as:Consumers in Japan, the United States and Switzerland show a marked preference for products that are:Consumers in the United States replace TVs and bikes typically within:To succeed overseas, firms must adapt product, pricing, promotion and:The ability to spot international opportunities and threats and adjust to them is called:Selling goods made at home to buyers in another country is:The difference between the value of a country's exports and its imports is the:A country imports more than it exports. The result is a:A country exports more than it imports. The result is a:A summary of all of a country's international financial transactions is its:A country that can make and sell a product at a lower cost than anyone else has:The idea that each country should specialise where it is relatively most efficient is the principle of:A tax imposed on imported goods is a:A tariff set lower for some nations than for others is called:A limit on the quantity of a certain good that may be brought in is an:A total ban on imports or exports of a product is an:Shielding home industries from outside competition with artificial barriers is:Letting people and businesses buy and sell where they please without barriers is:Selling a product abroad at a lower price than at home is called:Lowering the value of a nation's currency against other currencies is:A system where currency prices move up and down with demand and supply uses:A firm lets another company use its manufacturing process for a fee. This is:A foreign firm makes private-label goods under contract for a domestic company. This is:A domestic firm buys part of a foreign firm and shares the risks. This is a:Active ownership of a foreign company or of plants abroad is:Part or all of the payment for goods is made in other goods rather than cash. This is: