MOST IMPORTANT MCQ
INTERNATIONAL BUSINES
UGC NET COMMERCE / MANAGEME
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, Question 1
Q. Consider the following statements about different modes of entry
International Business and identify the correct code:
Statement I: When a foreign firm hires a local manufacturer to produce t
product or a part of their product it is known as contract manufacturing.
Statement II: Outsourcing is a contract under which a firm agrees to fully de
construct and equip a manufacturing/ business/ service facility and turn the pro
over to the purchaser when it is ready for operation for a remuneration.
a) Statement I only is true
b) Statement II only is true
c) Both are true
d) None is true
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, Different Modes of Entry into International Busines
• Turnkey project is a contract under which a firm agrees to fully design, const
and equip a manufacturing/ business/ service facility and turn the project
to the purchaser when it is ready for operation for a remuneration.
• When a foreign firm hires a local manufacturer to produce their product
part of their product it is known as contract manufacturing. This method uti
the skills of a local manufacturer and helps in reducing cost of production.
marketing and selling of the product is the responsibility of the internati
firm.
• Outsourcing is a cost effective strategy used by companies to reduce cost
transferring portions of work to outside suppliers rather than completin
internally.
www.everstudy.co.in
INTERNATIONAL BUSINES
UGC NET COMMERCE / MANAGEME
Today
07:30 PM
LIVE SESSION BY SUMANT SIR
www.everstudy.co.in
, Our Courses
UNIT SNAPSHOT | NET COMMERCE & MANAGEMENT FREE
UNITWISE PAST PAPERS (EXPLAINED) | NET COMMERCE Rs. 549 R
COMPLETE TEST SERIES | COMMERCE & MANAGEMENT Rs. 1299 R
VIDEO COURSE ON NEW TOPICS |NET COMMERCE Rs. 2499 R
VIDEO COURSE ON LEGAL ASPECTS OF BUSINESS Rs. 1199 R
www.everstudy.co.in
, Question 1
Q. Consider the following statements about different modes of entry
International Business and identify the correct code:
Statement I: When a foreign firm hires a local manufacturer to produce t
product or a part of their product it is known as contract manufacturing.
Statement II: Outsourcing is a contract under which a firm agrees to fully de
construct and equip a manufacturing/ business/ service facility and turn the pro
over to the purchaser when it is ready for operation for a remuneration.
a) Statement I only is true
b) Statement II only is true
c) Both are true
d) None is true
www.everstudy.co.in
, Different Modes of Entry into International Busines
• Turnkey project is a contract under which a firm agrees to fully design, const
and equip a manufacturing/ business/ service facility and turn the project
to the purchaser when it is ready for operation for a remuneration.
• When a foreign firm hires a local manufacturer to produce their product
part of their product it is known as contract manufacturing. This method uti
the skills of a local manufacturer and helps in reducing cost of production.
marketing and selling of the product is the responsibility of the internati
firm.
• Outsourcing is a cost effective strategy used by companies to reduce cost
transferring portions of work to outside suppliers rather than completin
internally.
www.everstudy.co.in
