B. Trade marks
a. Place of origin of goods only
B. Special characteristics of product associated with place of origin.
c. Both (a) and (b)
a. Manufacturer and supplier
c. Non- competitors
d. None of the above
a. Indirect exports
B. Direct exports
c. Management contract
d. Contract Manufacturing
a. Export house
B. Trading house
c. A manufacturing exporter
d. Merchant exporter.
a. Focusing on long-term profit.
B. Charging lower prices than competition.
c. Creating superior value for customers.
d. Constantly enlarging its marketing activities.
a. An international management orientation and a protectionist policy created to exclude third world countries from certain forms of international trade.
B. The grouping of countries into regional clusters based on geographic proximity.
c. A protectionist policy created to exclude third world countries from certain forms of international trade.
d. An international management orientation.
a. Political oppression
B. Job opportunities
c. Food shortages
a. Improvements in communications
B. Barriers to trade and investment
c. Immigration controls
d. Removal of controls on movement of capital across borders
a. The fragmentation of consumer tastes between countries.
B. The competitive process.
c. Multinational companies successfully persuading governments to lower trading barriers.
d. The need to gain economies of scale.
a. It protects them against foreign competition.
B. It cushions them from the effects of events in other countries.
c. It opens up new market opportunities.
d. It increases the risk and uncertainty of operating in a globalizing world economy.
a. Making it more difficult to contact potential customers abroad.
B. Cutting the cost for firms of communicating across borders.
c. Making it harder to send money from one country to another.
d. Making it easier for governments to censor the information received by their citizens from abroad.
a. It can result in more competition.
B. It increases vulnerability to political risk and uncertainty when operating abroad.
c. It means that they can increase prices.
d. All of the options given are correct.
a. It makes it easier to resolve contract disputes for firms involved in international trade and investment.
B. It allows business to choose the most favorable national legal system to institute proceedings.
c. The terms used in international conventions are open to differing interpretations.
d. The Uniform Commercial Code favors big US multinationals.
a. Move goods and services from any member state to another.
B. Transfer managers to any member state.
c. Invest anywhere in the EU.
d. All of the options given.
a. Are free to set up international cartels.
B. May be refused permission to take over a US competitor.
c. Can not be made to repay government financial assistance.
d. Can cross-subsidise loss-making services from profitable activities.
a. Reusing a resource from one business/country in additional businesses/countries.
B. Decreased cost per unit of output.
c. Buying components in a bulk.
d. Any of the above.
a. A more integrated and interdependent world
B. Less foreign trade and investment
c. Global warming
d. Lower incomes worldwide
a. A firm that owns shares in a foreign company but does not participate in the company's decision making.
B. A UK based internet package holiday firm specializing in selling tours to Turkey to German customers.
c. A firm owning a chain of supermarket outlets outside its country of origin.
d. A finance company transferring its HQ and all its activities from the UK to the US.
a. That is where the most lucrative markets were located.
B. Income per head in developing countries was relatively low.
c. Transport and communication links were improving outside the tri
a. Civil law systems operate in very few countries.
B. Relevant areas of law are much easier to find than in common law systems.
c. Relevant areas of law are more difficult to find than in common law systems.
d. Lawyers act as oral advocates for their clients.
a. It comprises a single set of laws.
B. The law lacks clarity.
c. There is no problem applying contract law to the internet.
d. The law makes it easy to deal with foreign computer hackers.
Each set has max 25 mcqs
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