International Business

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

• Licensing

• Contract Manufacturing

• Joint venture

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

• Licensing

• Contract manufacturing

• Joint venture

• None of these

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

• contract manufacturing

• Franchising

• Joint ventures

• Licensing

Which of the following is not an advantage of exporting?

• Limited presence in foreign markets

• Less investment requirements

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

• Licensing/franchising

• Wholly owned subsidiary

• Contract manufacturing

• Joint venture

Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?

• Tariff
• Embargo
• Quota
• Deal

___________ is a tax that a government places on certain imported products

• Tariff
• Embargo 
• Quota
• Deal

Stopping the export and import of a product is known as?

• Tariff
• Embargo
• Quota
• Deal

the following image shows which business activity

• international business

• domestic business