GLOBALISATION AND THE INDIAN ECONOMY

_________________ is the component of marketing that utilizes internet and online based digital technologies such as desktops, laptops, mobiles and other digital media to promote products and services.

MNCs normally take decisions regarding the location of production units on the basis of following factors:

• Production units should be close to the markets

• Availability of skilled and unskilled labour at low cost

• Assured availability of raw materials

• Government policies that can look after their decisions

Indian call centers are most suitable for customer care services because it possesses_________speaking & highly skilled _________ power.

MNCs bring advanced technologies and modern managerial skills and thus help in technological up-gradation of the companies of developing countries.

• True

• False

An american MNC, Cargil Foods has purchased an indian company named__________ Foods.

________ are usually used to protect struggling domestic industries against foreign competition or unfair trad practices such as dumping and foreign government subsidies.

A commodity, article or service brought in from abroad for sale is known as _________.

• Export

• Import

Chinese are exporting electrical goods and other consumer goods in the Indian market in a big way. It is posing problems for India and Indian manufacturer.

• True

• False

The term Globalization means integration of domestic economy with rest of the world through:

• trade

• capital

• technology flows

Removing Barriers or restrictions from foreign trade is called Privatization of foreign Trade.

• True

• False