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Test: Global Environment - 2 - B Com MCQ


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10 Questions MCQ Test - Test: Global Environment - 2

Test: Global Environment - 2 for B Com 2024 is part of B Com preparation. The Test: Global Environment - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Global Environment - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Global Environment - 2 below.
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Test: Global Environment - 2 - Question 1

What is the primary player in international business that operates across multiple political borders?

Detailed Solution for Test: Global Environment - 2 - Question 1
The primary player in international business that operates across multiple political borders is a Multinational Corporation (MNC) or a Multinational Enterprise (MNE). These organizations pursue strategic success in global production and sales, operating within multiple country borders.
Test: Global Environment - 2 - Question 2

Which of the following is not a strategic area for global expansion?

Detailed Solution for Test: Global Environment - 2 - Question 2
Global Concentration, Global Synergies, and Global Strategic Motivations are the three strategic areas for global expansion. "Global Sustainability" is not a recognized strategic area for expansion.
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Test: Global Environment - 2 - Question 3

Which external factor can impact the success of international expansion related to a region's social preferences?

Detailed Solution for Test: Global Environment - 2 - Question 3
The socio-cultural environment of a given region can significantly impact the success of international expansion. For example, food companies are highly impacted by this factor as certain cultures prefer specific types of foods.
Test: Global Environment - 2 - Question 4
What does the term "technology transfer" refer to in the context of international business?
Detailed Solution for Test: Global Environment - 2 - Question 4
Technology transfer in the context of international business refers to the dissemination of commercial technology from one entity to another. This involves sharing relevant knowledge and expertise for mutual benefit.
Test: Global Environment - 2 - Question 5
What trend has contributed to the increased potential size of major international trade while promoting innovative companies?
Detailed Solution for Test: Global Environment - 2 - Question 5
The growth of emerging markets, such as India, China, Brazil, and other parts of Asia and South America, has impacted international trade by increasing the potential size of major trade and facilitating the emergence of innovative companies.
Test: Global Environment - 2 - Question 6
What has been the trend in India's share of world trade from 1950 to 1994?
Detailed Solution for Test: Global Environment - 2 - Question 6
India's share in world trade was 1.78% in 1950 and gradually declined to 0.61% in 1994. There has been a gradual decline in India's share of world trade during this period.
Test: Global Environment - 2 - Question 7
What has been the general trend in India's trade deficit since 1980-81?
Detailed Solution for Test: Global Environment - 2 - Question 7
India has been experiencing a mounting trade deficit since 1980-81, which means that the value of imports has been consistently exceeding the value of exports over this period.
Test: Global Environment - 2 - Question 8
Which factor has contributed to the inadequate growth of exports in India?
Detailed Solution for Test: Global Environment - 2 - Question 8
The inadequate growth of exports in India can be attributed to factors such as a lack of professionally trained manpower in export organizations. This has led to challenges in competing effectively in global markets.
Test: Global Environment - 2 - Question 9
What trend has been observed in India's trade deficit during 2008-2009 and 2009-2010?
Detailed Solution for Test: Global Environment - 2 - Question 9
During 2008-2009, the trade deficit in India significantly rose to a considerable amount. Similarly, in 2009-2010 (April-September), the trade deficit further increased. This indicates a drastic increase in the trade deficit during these periods.
Test: Global Environment - 2 - Question 10
Which of the following is NOT one of the reasons for global expansion in international business?
Detailed Solution for Test: Global Environment - 2 - Question 10
The reasons for global expansion in international business include Global Concentration, Global Synergies, and Global Strategic Motivations. "Global Sustainability" is not typically recognized as one of the reasons for expansion in the context of this discussion.
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