International Business
Commerce ⇒ Business Studies
International Business starts at 11 and continues till grade 12.
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Define international business.
Describe the process of obtaining an export license in India.
Explain the concept of 'joint venture' as a mode of entry into international business.
Explain the difference between export and import.
Explain the role of government in promoting international business.
Explain the term 'balance of trade'.
Explain the term 'export promotion'.
A company in India wants to sell its products in the USA. Which mode of entry would be most suitable if it wants to retain full control over its operations? (1) Exporting (2) Joint Venture (3) Wholly Owned Subsidiary (4) Franchising
A company in India wants to sell its products in the USA. Which mode of entry would be most suitable if it wants to retain full control over its operations? (1) Exporting (2) Joint Venture (3) Wholly Owned Subsidiary (4) Franchising
Which of the following is a document required for customs clearance? (1) Certificate of Origin (2) Insurance Policy (3) Export Invoice (4) All of the above
Which of the following is a function of the Export Promotion Councils in India? (1) Issuing import licenses (2) Promoting exports (3) Regulating foreign exchange (4) Collecting customs duty
Which of the following is a non-tariff barrier? (1) Customs duty (2) Import quota (3) Export tax (4) Excise duty
Fill in the blank: _______ is the document that gives the exporter the right to receive payment from the importer’s bank.
Fill in the blank: _______ is the process of buying goods from a foreign country for resale in the domestic market.
Fill in the blank: _______ is the process of selling goods in a foreign market at a price lower than their cost of production.
Fill in the blank: The _______ is a document issued by the shipping company acknowledging the receipt of goods for shipment.
State whether the following statement is true or false: 'International business helps in the optimum utilization of resources.'
State whether the following statement is true or false: 'International business increases the risk of foreign exchange fluctuations.'
State whether the following statement is true or false: 'International business leads to cultural exchange.'
State whether the following statement is true or false: 'Letter of credit is a document issued by the importer’s bank.'
