TWM - 2

Select The Blank
Question When a company can tolerate a somewhat looser relationship with its sources
or when requirements are so predictable that control is less important,
________ is often preferable.
Correct Answer Purchasing or subcontracting
Your Answer Purchasing or subcontracting

Select The Blank
Question In direct export channel, the product is ________.
Correct Answer Technical product
Your Answer Technical product

Multiple Choice Single Answer
Question This question is based on the case study "Chow Flowers Co. Ltd.". What was
the main line of activity in Chow Flowers Company Limited?
Correct Answer Artificial flowers manufacturing
Your Answer Artificial flowers manufacturing

Select The Blank
Question Offshore purchasing requires________.
Correct Answer Little experience
Your Answer Little experience

Multiple Choice Multiple Answer
Question What contributed 50% of the total exports of engineering goods?
Correct Answer Machinery & instruments , Metals, primary & semi finished iron, steel
Your Answer Machinery & instruments , Metals, primary & semi finished iron, steel

Select The Blank
Question ________is not an avenue of entry into foreign market
Correct Answer Exim policy
Your Answer Exim policy

Multiple Choice Single Answer
Question Which of the following factors is related to employment levels?
Correct Answer Economic factor
Your Answer Cultural factor

Select The Blank
Question India's share in the total world exports in 1950 was around ________.
Correct Answer 0.02
Your Answer 0.02

Multiple Choice Single Answer
Question What is the meaning of offshore purchasing?
Correct Answer Relationship between independent buyer & seller for exchange of good for
money
Your Answer Relationship between independent buyer & seller for exchange of good for
money

Multiple Choice Multiple Answer
Question What are the elements of research approach?
Correct Answer Data collection method , Sample selection procedure
Your Answer Data collection method , Sample selection procedure

Select The Blank
Question ________ is a kind of non-equity joint venture
Correct Answer Coproduction arrangement
Your Answer Coproduction arrangement

Match The Following
Question Correct Answer Your Answer
Standardization Large scale of production Large scale of production
Branding Value addition to a product Preferences
Packaging Protection & shelf life Protection & shelf life
Support service Warranty Warranty

Multiple Choice Single Answer
Question Which of the following indirect channel has greater freedom & authority?
Correct Answer Export management companies
Your Answer Export management companies

True/False
Question Under an international management contracts, a company undertakes the day
to day management of an independent enterprise in a foreign target country
Correct Answer True
Your Answer False

Select The Blank
Question In________, a change is required to ensure adequate protection from
environment
Correct Answer Packaging
Your Answer Packaging

Multiple Choice Multiple Answer
Question Which of the following are domestic channels?
Correct Answer Export houses , Export merchant
Your Answer Export houses , Export merchant

Select The Blank
Question This question is based on the case study "Chow Flowers Co. Ltd.". The
largest importer was ________.
Correct Answer United States
Your Answer Japan

Multiple Choice Single Answer
Question Why should a market researcher check a country's import tariffs when he is
investigating it as an export market?
Correct Answer It can affect the competitiveness of product against products made within the
market
Your Answer It can affect the competitiveness of product against products made within the
market

Multiple Choice Single Answer
Question What are the similarities between domestic & international marketing?
Correct Answer Satisfying consumers need
Your Answer Satisfying consumers need

Multiple Choice Multiple Answer
Question What are the points to be taken into consideration in export agency
agreement?
Correct Answer Contracted territory , Contracted products
Your Answer Contracted products , Contracted territory

Multiple Choice Multiple Answer
Question Which were the programmes included in reforms?
Correct Answer Foreign collaboration , A programme of micro-economic stabilization ,
Productivity & international competitiveness of Indian economy
Your Answer A programme of micro-economic stabilization , A programme of labour
welfare

Multiple Choice Single Answer
Question This question is based on the case study 'AB Enterprises'. What is the
marketing components the product adaption had?
Correct Answer Reproduction of European antiques
Your Answer Changing the design of packaging materials

Select The Blank
Question ________ send either buying delegations or have their buying offices in the
exporting country.
Correct Answer Large retail stores
Your Answer Government department

Multiple Choice Multiple Answer
Question What are included in sovereign political entities?
Correct Answer Custom duties , Exchange control , Local taxes
Your Answer Custom duties , Exchange control , International taxes

Multiple Choice Multiple Answer
Question What are the advantages of having agents?
Correct Answer Knowledgeable about the market , He can provide after sales service
Your Answer Knowledgeable about the market , He can provide after sales service

Select The Blank
Question In ________ strategy, home base is used for production of products for export
Correct Answer Extension
Your Answer Extension

Multiple Choice Multiple Answer
Question What is the meaning of unit value of the product?
Correct Answer High priced product , High sensitive product
Your Answer Bulk transportation , High sensitive product

Multiple Choice Single Answer
Question When did India emerge as a supplier of manufactured products to Asia &
Africa?
Correct Answer On the eve of first world war
Your Answer On the eve of second world war

True/False
Question The advantage of using an export agent is that the firm does not need to have
an export manager to handle all the documentation and shipping tasks.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question How is the nature of international strategy?
Correct Answer Depends on company's objectives , Varies from country to country
Your Answer Depends on company's objectives , Varies from country to country

True/False
Question In marginal cost pricing, fixed costs are recovered from the international
market
Correct Answer False
Your Answer False

True/False
Question Major benefits of standardization includes less distribution cost of
standardization.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question Which of the following represents the foreign buyer?
Correct Answer Purchasing agent
Your Answer Purchasing agent

Multiple Choice Single Answer
Question Which of the following is contractual entry mode?
Correct Answer Franchising
Your Answer Franchising

Multiple Choice Multiple Answer
Question What are the risks involved in international marketing?
Correct Answer Larger volume of transaction , Less knowledge about parties reputation ,
Longer time in transit
Your Answer Larger volume of transaction , Less knowledge about parties reputation ,
Longer time in transit

True/False
Question Bargaining styles differ greatly across nations.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question It's worthwhile to pursue a uniform pricing strategy
Correct Answer When competitive position of the firm does not vary from market to market
Your Answer When competitive position of the firm does not vary from market to market

True/False
Question Exporting is the only avenue of entry into foreign market
Correct Answer False
Your Answer False

Select The Blank
Question The markets for the products of developing countries are usually in countries
with________
Correct Answer Low national income
Your Answer Higher imports per annum

True/False
Question Economic dimensions include communication, channel network
Correct Answer False
Your Answer False

True/False
Question In international marketing, cultural dimensions include customs, traditions
Correct Answer True
Your Answer True

True/False
Question 4P's of marketing include product,price,place and people
Correct Answer False
Your Answer False

Multiple Choice Multiple Answer
Question This question is based on the case study "Oriental Silk Pvt. Ltd.". Which are
the two years the imports of silk fabrics from Japan by USA was almost
same?
Correct Answer 1982 , 1983
Your Answer 1982 , 1983

True/False
Question The naïve rule is for managers to use the same entry mode such as
agent/distributor exporting, for all target countries
Correct Answer True
Your Answer False

Multiple Choice Multiple Answer
Question Which of the following are among the top ten suppliers together accounting
for over 60% of total imports?
Correct Answer China , Germany
Your Answer Italy , Germany

Match The Following
Question Correct Answer Your Answer
HONG KONG $ 2.5 billion exports in 1999-
2000
$ 1.95 billion exports in 2002-
03
USA $ 1.95 billion exports in 2002-
03
$ 2.5 billion exports in 2001-02
UAE $ 2.5 billion exports in 2001-02 $ 0.5 billion exports in 1999-
2000
UK $ 2.3 billion exports in 2000-01 $ 2.5 billion exports in 1999-
2000

Multiple Choice Single Answer
Question In product planning for export, length is related to
Correct Answer Number of products
Your Answer Number of products