Which of the following is the process through which the world economy is becoming a single, interdependent system? Question 20Answer a. Expansionism b. Imports c. Foreign investment d. Tariffs e. Globalization

The shift toward a more integrated and interdependent world economy is referred to as1 pointA. economic integrationB. economic interdependencyC. globalizationD. internationalizationThe merging of historically distinct and separate national markets into one huge global marketplace is known as1 pointA. global market facilitationB. cross-border tradeC. supranational market integrationD. the globalization of marketsWhich is not a factor of production?1 pointA. tradeB. landC. capitalD. energyThe sourcing of good and services from around the world to take advantage of national differences in the cost and quality of factors of production is called1 pointA. economies of scaleB. the globalization of productionC. global integrationD. global sourcingIn  .............................................. orientation, the organization focuses on individualities of foreign markets and all their local specificities, which distinguish them from the domestic market.1 pointEthnocentricPolycentricRegiocentricGeocentric(i)non-existent or poorly defined laws relating to FDI. (ii) host government’s lack of experience dealings with MNCs (iii) infant or embryonic stages of the industry or  market in a host country; These are the examples of......................................................1 pointOperational RisksEnvironmental Uncertainties................................................... is  concerned with flow of goods and services between the countries.1 pointInternational MarketingInternational TradeWhich of these is not a concern of anti-globalization protesters?1 pointA. globalization raises consumer incomeB. globalization contributes to environmental degradationC. globalization is causing a loss of manufacturing jobs in developing countriesD. globalization implies a loss of national sovereigntyToyota exported Toyopet cars produced in Japan to USA in 1957. Toyopet was not successful in USA. Toyota could not sell these cars in USA as they were overpriced , underpowered and built like tanks. Which approach did Toyota adopted?1 pointA. EthnocentricB. PolycentricC. RegiocentricD. Geocentric In the list of Fortune 500 2023 list which company has been ranked No 1?1 pointSinopecExxonMobilToyotaWalmart.........................................refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country1 pointManaged TradeRestricted TradeFree TradeNone of the aboveare levied as a fixed charge for each unit of a good imported1 pointAd valorem tariffsSpecific tariffsThe halt of entire international trade because of Coronavirus is a …………………………………………. Barrier.1 pointA. Tariff BarrierB. Non-Tariff BarrierA ………………………………………….. is a tax imposed on goods involved in international trade.1 pointA. TariffB. EmbargoC. Antidumping DutyD. Quota………………………………………………….. refers to numerical limits on the quantity of goods that may be imported into a country during a specified period.1 pointTariffEmbargoAntidumping DutyQuota..................................... are levied as a proportion of the value of the imported good  1 pointAd valorem tariffsSpecific tariffsTariff rate quotasTransit tariffsA ________ demands that some specific fraction of a good be produced domestically1 pointsubsidyquota rentvoluntary export requirementlocal content requirement................................are quotas on trade imposed by the exporting country, typically at the request of the importing country’s government    1 pointImport quotasTariff rate quotasVoluntary export restraintsNone of the above.................................are bureaucratic rules that are designed to make it difficult for imports to enter a country  .These  hurt consumers by denying access to possibly superior foreign products1 pointvoluntary export requirementAdministrative trade policesAntidumping policescountervailing duties..................................refers to selling goods in a foreign market below their costs of production, or selling goods in a foreign market below their “fair” market value  1 pointDumpingAntidumpingcountervailingNone of the aboveThe duties that are dependent upon the price of the good or commodity in the market are called .................................1 pointantidumpingsliding scale duties.countervailingNone of the aboveIt is imposed on certain imports where products are subsidised by exporting governments. As a result of government subsidy, imports become more cheaper than domestic goods. To nullify the effect of subsidy, this duty is imposed in addition to normal duties.1 pointCountervailing Dutyantidumping dutysliding scalenone of the aboveIn order to safeguard  domestic industries from stiff competition of imported goods, ............................ is levied on imports.1 pointRevenue TariffProtective TariffNew Zealand's apples account for a third of its agricultural exports but have been banned from Australia since 1921 due to fears about the spread of fire blight, a crop pest.1 pointTariff BarrierNon Tariff BarrierAllows a certain quantity of a good into a country at low or zero tariff rates, but applies higher tariff to quantities exceeding the quota.1 pointImport TariffExport TariffProtective TariffTariff Rate Quotaquotas are fixed after negotiations between the quota fixing importing country and the exporting country.1 pointUnilateral QuotaBilateral QuotaMultilateral QuotaNone of the aboveSheltering domestic industries puts exports at a great disadvantage because it raises the cost of the foreign inputs used in their production1 pointOutward trade policyInward Trade policyIndia is a part of WTO*1 pointYesNoThe ........................... accurately explains what has happened for products like photocopiers and a number of other high technology products developed in the US in the 1960s and 1970s1 pointproduct life cycle theoryabsolute advantageHeckscher-ohlincomparative advantageThe ............................ proposed by Raymond Vernon, suggested that as products mature both the location of sales and the optimal production location will change affecting the flow and direction of trade1 pointabsolute advantageproduct life-cycle theory,comparative advantageHeckscher-ohlinThe ……………………………………………. was established in 1945 to maintain international peace and security, develop friendly relations among nations and be a center for harmonizing the actions of nations.1 pointWTOIMFUNWorld BankBritain’s exit from the European Union is known as BREXIT.1 pointTrueFalseIn PESTEL Analysis the L stands for:1 pointA. LimitedB. LiberalisationC. LiabilityD. LegalWhich organization is responsible for policing the world trading system?1 pointA. the International Monetary FundB. the United NationsC. the World Trade OrganizationD. the World Bank______ is found in states where political power is monopolized by a party according to religious principles.*1 pointtribal totalitarianismright-wing totalitarianismtheocratic totalitarianismcommunist totalitarianismWhen the organisation crafts new strategies for international markets ...........................*1 pointEthnocentricPolycentricRegiocentricGeocentricThe Spain-based company Zara may invest in or purchase the Indian company Fab India, which also produces similar products as Zara does. Since both the companies belong to the same industry of merchandise and apparel, the FDI is classified as ……………….*1 pointHorizontal FDIBackward Integration FDIVertical FDIConglomerate FDI....................................arise when the foreign business system is so different from that in a firm’s home market that the firm must devote considerable time, effort and expense to learning the rules of the game*1 pointPioneering costsMarket Entry CostFirst Mover CostNone of the above......................................known as trickle-down model or Internal PLC model.*1 pointWaterfall ApproachSprinkler ApproachWhat is the main disadvantage of wholly owned subsidiaries?*1 pointthey make it difficult to realize location and experience curve economiesthe firm bears the full cost and risk of setting up overseas operationsthey may inhibit the firm's ability to take profits out of one country to support competitive attacks in anotherhigh transport costs and tariffs can make it uneconomicalWhen a firm’s competitive advantage is based on proprietary technological know-how, the firm should avoid .............................................*1 pointexportinglicensing and joint venture arrangementsgreen field investmentAll of the aboveIf a firm wants the option of global strategic coordination, the firm should choose*1 pointfranchisingjoint ventureslicensinga wholly owned subsidiaryFirms can establish a wholly owned subsidiary in a country by using a  ........................................... or/ and Using  ......................................................*1 pointan acquisition strategygreenfield strategy - building a subsidiary from the ground upbothP&G was using the surplus facility available with Karnataka Soaps and Detergents Ltd, Bangalore to manufacture its (P&Gs) range of soaps and detergents. This is the case of ...............................*1 pointManagement ContractTurnkey OperationsContract ManufacturingInternational FranchisingAll of the following are advantages of acquisitions except*1 pointthey are quicker to executeit is easy to realize synergies by integrating the operations of the acquired entitiesthey enable firms to preempt their competitors they may be less risky

Which characteristic of globalization deals with the exchange of goods between countries?A.TechnologyB.TradeC.Labor marketsD.Resource distribution

Due to globalization, the world's market economies are becoming more Blank______.Multiple choice question.diversified and uniqueintegrated and interdependentexport-led and undevelopedadvanced and independent

Which economic system is being practiced is most countries of the world?a.Market economyb.Traditional economyc.Mixed economyd.Command economy

_______ refers to the shift toward a more integrated and interdependent world economyQuestion 7Select one:a.Globalisationb.Outsourcingc.Privatisationd.International marketing