NCERT Solutions for Class 11 Business Studies Chapter 11

International Business-I Class 11

Chapter 11 International Business-I Exercise Solutions

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Multiple choice questions : Solutions of Questions on Page Number : 275

Q1 :  

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

(a) Licensing

(b) Contracted

(c) Joint venture

(d) None of these


Answer :

Under the licensing model, a domestic manufacturer (licensor) grants licence to a foreign manufacturer (licensee) to use its intellectual property such as patent and trademark.

Hence, the correct answer is option (a).

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Q2 :  

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

(a) Licensing

(b) Franchising

(c) Contract manufacturing

(d) Joint venture


Answer :

It is under contract manufacturing that a firm outsources the production of its goods and services to foreign firms and concentrates on marketing operations in international business. On the other hand, in the licensing and franchising models, a company grants intellectual property rights to a foreign firm, and in a joint venture, two or more firms pool their resources to launch a new business enterprise.

Hence, the correct answer is option (c).

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Q3 :  

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

(a) Contract manufacturing

(b) Franchising

(c) Joint ventures

(d) Licensing


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Q4 :  

Which of the following is not an advantage of exporting?

(a) Easier way to enter into international markets

(b) Comparatively lower risks

(c) Limited presence in foreign markets

(d) Less investment requirements


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Q5 :  

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

(a) Licensing

(b) Franchising

(c) Contract manufacturing

(d) Joint venture


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Q6 :  

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

(a) Licensing/franchising

(b) Wholly owned subsidiary

(c) Contract manufacturing

(d) Joint venture


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Q7 :  

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

(a) Licensing

(b) Franchising

(c) Contract manufacturing

(d) Joint venture


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Q8 :  

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

(a) Textiles and garments

(b) Franchising

(c) Oil and petroleum products

(d) Basmati rice


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Q9 :  

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

(a) Ayurvedic medicines

(b) oil and petroleum products

(c) Pearls and precious stones

(d) Machinery


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Q10 :  

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

(a) USA

(b) UK

(c) Germany

(d) New Zealand


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<< Previous Chapter 10 : Internal Trade Next Chapter 12 : International Business-II >>

Short answerslong answers : Solutions of Questions on Page Number : 277

Q1 :  

Differentiate between International trade and International business.


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Q2 :  

What is international business? How is it different from domestic business?


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Q3 :  

Discuss any three advantages of international business.


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Q4 :  

"International business is more than international trade". Comment.


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Q5 :  

What is the major reason underlying trade between nations?


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Q6 :  

"What benefits do firms derive by entering into international trade". Comment.


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Q7 :  

Discuss as to why nations trade.


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Q8 :  

In what ways is exporting a better way of entering into international markets than setting up wholly owned subsidiaries abroad.


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Q9 :  

Enumerate limitations of contract manufacturing.


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Q10 :  

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


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Q11 :  

Why is it said that licensing is an easier way to expand globally?


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Q12 :  

Discuss the major trends India's foreign trade. Also list the major products that India trade with other countries.


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Q13 :  

Differentiate between contract manufacturing and setting up wholly owned production subsidiary abroad.


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Q14 :  

What is invisible trade? Discuss the salient aspects of India's trade in services.


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Q15 :  

Distinguish between licensing and franchising.


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Q16 :  

List major items of India's exports.


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Q17 :  

What are the major items that are exported from India.


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Q18 :  

List the major countries with whom India trade.


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<< Previous Chapter 10 : Internal Trade Next Chapter 12 : International Business-II >>

Business Studies : CBSE NCERT Exercise Solutions for Class 11th for International Business-I will be available online in PDF book form soon. The solutions are absolutely Free. Soon you will be able to download the solutions.

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