Benefits of International Business to Firms

Q.

Discuss any three advantages of international business.

Q.

What is the scope of International business?

Q.

Discuss briefly the factors that govern the choice of mode of entry into international business.

Q.

How do small scale industries contribute to the socio-economic development of India?

Q. refers to import of goods not for consumption in the home country but for exporting them to another country.

1. Export
2. Import
3. Entrepot
4. Direct Trade

Q.

Most of the things that we use daily like the food we eat, the clothes we wear, our laptops, phones, watches, and the cars we drive have been manufactured by foreign firms.

1. False

2. True

Q.

One of the benefits of international trade is that it can offer prospects for higher profits.

1. True

2. False

Q.

If the demand for a product gets saturated in the domestic market, expanding to other countries will sustain the company’s growth.

1. False

2. True

Q. Trade in invisible refers to ________________.

1. trade in military goods
2. unrecorded trade
3. trade in goods
4. trade in services

Q. Answer the following questions.

Discuss briefly the factors that govern the choice of entry into International Business.

Q. examine the role of indian entrepreneurs in the foreign trade

Q. Business houses in international market can get higher profit by the way of international trade.

1. False
2. True

Q. Which of the following are examples of invisible trade?

1. Tourism & Travel
2. Consulting
3. Shipping Service
4. Insurance
5. Banking
6. Skilled
   Labour
7. Medical
   Skills
8. MNC

Q. Which of the following are the benefits of international trade to firms?

1. High Profits
2. Large Production
3. Growth
4. Competition
5. Business Vision
6. Joint Venture
7. Licensing
8. Big Firms

Q. Long answer type questions.

“Problems in marketing field has resulted in under utilization of small business” Explain

Q. Utility and usefulness are not different.

1. True
2. False