In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee.

1

(a)

Licensing

(b)

Contract manufacturing

(c)

Joint venture

(d)

None of these

Outsourcing a part of or entire production and concentrating on marketing operations in international business is known as

1

(a)

Licensing

(b)

Franchising

(c)

Contract manufacturing

(d)

Joint venture

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as

1

(a)

Contract manufacturing

(b)

Franchising

(c)

Joint ventures

(d)

Licensing

Which of the following is not an advantage of exporting?

1

(a)

Easier way to enter into international markets

(b)

Comparatively lower risks

(c)

Limited presence in foreign markets

(d)

Less investment requirements

Which one of the following modes of entry requires higher level of risks?

1

(a)

Licensing

(b)

Franchising

(c)

Contract manufacturing

(d)

Joint venture

Which one of the following modes of entry permits greater degree of control over overseas operations?

1

(a)

Licensing/franchising

(b)

Wholly owned subsidiary

(c)

Contract manufacturing

(d)

Joint venture

Which one of the following modes of entry brings the firm closer to international markets?

1

(a)

Licensing

(b)

Franchising

(c)

Contract manufacturing

(d)

Joint venture

Which one of the following is not amongst India's major export items?

1

(a)

Textiles and garments

(b)

Gems and jewellery

(c)

Oil and petroleum products

(d)

Basmati rice

Which one of the following is not amongst India's major import items?

1

(a)

Ayurvedic medicines

(b)

Oil and petroleum products

(c)

Pearls and precious stones

(d)

Machinery

Which one of the following is not amongst India's major trading partners?

1

(a)

USA

(b)

UK

(c)

Germany

(d)

New Zealand