Business Studies

Which one of the following modes of entry brings the firm closer to international markets?


ANSWER

Joint Venture


SOLUTION
In joint venture, both foreign and local entrepreneurs jointly form a new enterprise. The foreign company benefits from a local partner's knowledge of the host countries regarding the competitive conditions, language, political systems, culture and business system, thus bringing the firm closer to the international markets.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 201
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Compared to licensing, franchising is a more advantageous mode of entry because ____________.
  • A. it offers greater control
  • B. it generates economics of scale in marketing to international customers.
  • C. it is low-risk and low-cost
  • D. all the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Exporting is made difficult due to ___________.
  • A. trade closing
  • B. import restrictions
  • C. high prices
  • D. subsidiary goods

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
At the time of independence, the three most important commodities in India's exports were _______________________.
  • A. Pepper, Cashew Kernel and Oil Cakes
  • B. Jute, Tea and Cotton Textiles
  • C. Coffee, Tea and Pepper
  • D. Wool, Mica and Vegetable Oils

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property such as patent and trademark to a manufacturer in a foreign country for a fee?
  • A. Licensing
  • B. Contract
  • C. Joint venture.
  • D. None of the above

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
In the absence of international trade, an increased standard of living would not have been easily possible.
  • A. True
  • B. False

Asked in: Business Studies - International Business


1 Verified Answer | Published on 18th 08, 2020

View Answer