Tapping Into Global Markets - MCQs with answers - Part 1

Tapping Into Global Markets - MCQs with answers - Part 1

Competing on a global base

1. Service businesses boost the world economy and in turn a globalizing economy boosts the service industry.

a) True
b) False

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2. In the waterfall approach, the companies

a) Makes gradual entry in different countries
b) Enters many countries simultaneously
c) Differ company to company
d) None of the above.

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3. In the sprinkler approach, the companies

a) Makes gradual entry in different countries
b) Enters many countries simultaneously
c) Differ company to company
d) None of the above.

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4. When a high degree of competitive intensity exists and first-mover advantage is crucial, which strategy serves better?

a) Sprinkler approach
b) Waterfall approach
c) Cluster approach
d) None of the above

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5. The introduction of Windows software by Microsoft was

a) Sprinkler approach
b) Waterfall approach
c) Targeted approach
d) None of the above

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6. The _____ foreign ministers of the South Asia region finalized a framework deal on SAFTA to minimize customs duties of all traded goods to zero levels by the year 2016.

a) Five
b) Seven
c) Four
d) None of the above

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7. Under SAFTA, the contracting countries are divided into _____ groups.

a) Two
b) Five
c) Four
d) Three

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8. Under SAFTA, the classification of contracting members is done to provide special treatment to least developed countries.

a) True
b) False

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9. The European Union was formed in ________.

a) 1967
b) 1947
c) 1957
d) None of the above

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10. The North American Free Trade Agreement is signed between

a) Canada, Mexico and the U.K
b) Canada, Mexico and the U.S.
c) China, Mexico and the U.S.
d) None of the above

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11. Mercosur is a sub-regional bloc that comprises

a) Argentina, Brazil and Venezuela
b) Argentina and Brazil
c) Argentina, Brazil, Paraguay, Uruguay
d) Argentina, Brazil, Paraguay, Uruguay and Venezuela

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12. APEC comprises

a) 21 nations, NAFTA members, Japan and China
b) 18 nations, NAFTA members, Japan and China
c) 15 nations, NAFTA members, Japan and China
d) None of the above

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13. Association of Southeast Asian Nations comprises _____ nations.

a) Ten
b) Seven
c) Six
d) Five

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14. _______ can be termed as the distance between a foreign market and home market, resulting from the perception of both business and cultural differences.

a) Regional distance
b) Psychic distance--
c) Place distance
d) International distance

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