IB quiz

1.Exporting refers to sending of goods and services from the home country to

a foreign country

• True

• False

2.importing is sale of foreign products and bringing them into one’s home country.

• True

• False

3.Contract manufacturing, also known as...

4.Licensing is a contractual arrangement in which one firm grants access to its patents, trade secrets or technology to another firm in a foreign country

• True

• False

5.Franchising is used in connection with production and marketing of goods

• True

• False

6.A joint venture means establishing a firm that is jointly owned by two or more otherwise independent firms.

• True

• False

7.Wholly owned subsidiary abroad by making..... per cent investment in foreign

ventures

• 50

• 75

• 90

• 100