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Current Affairs January 2024

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4

The five forces that affect the level of competition in an industry are

A. Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry.

B. Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession.

C. Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry.

D. Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action

Correct Answer :

A. Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry.


Related Questions

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4

The agreement signed by Ranbaxy Laboratory and Bayer AG of Germany in the year 1999 is an example of

A. Subsidiary

B. Joint venture

C. Strategic International Alliance

D. License agreement

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4

Free international trade maximizes world output through

A. Countries specializing in production of goods they are best suited for.

B. Reduction in taxes.

C. Increased factor income.

D. Encouraging competition.

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4

As a part of WTO guidelines, Agreement on Agriculture (AOA) doesnt consider

A. Direct payments to farmers are permitted.

B. Indirect assistance and support to farmers including R & D support by govt. are not permitted

C. Domestic policies which directly effect on production and trade have to be cut back.

D. Least developed countries do not need to make any cuts.

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4

Capitalistic, communistic and mixed are the types of

A. Economic system

B. Political system

C. Social System

D. Cultural Attitudes

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4

0.Trade Related Investment Measures (TRIMS) doesnt apply for

A. Measures that lead to restrictions in quantities.

B. Discouraging measures that limit a companys imports

C. Discouraging measures that limit a companys exports.

D. ALL OF THE ABOVE

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4

Trade Related Investment Measures (TRIMS) doesnt apply for

A. Measures that affect trade in goods.

B. Measures that lead to restrictions on quantities.

C. Discouraging measures that limit a companys imports.

D. Discouraging measures that limit a companys exports.

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4

Lower power distance countries are characterized by

A. relationships based on equality and informality.

B. authority being accepted without question.

C. managers being paternalistic.

D. tall organizations structure.

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4

Factor of Interdependence in Multi-domestic strategy is

A. Low

B. Moderate

C. High

D. Very High

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4

Which one of the following is a method for an exporter to get a contract

A. Proforma invoice

B. Purchase order

C. Sales contract

D. All the above

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4

According to this theory the holdings of a countrys treasure primarily in the form of gold constituted its wealth.

A. Gold Theory

B. Ricardo Theory

C. Mercantilism

D. H .O. THEORY

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4

Which is the right sequence of a stages of Internationalization

A. Domestic, Transnational, Global, International, Multinational

B. Domestic, International, Multinational, Global, Transnational

C. Domestic, Multinational, International, Transnational, Global

D. Domestic, International, Transnational, Multinational, Global

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4

Which of these is a characteristic of multinational corporations>

A. At least one -third directors are foreign nationals

B. The company does 40% of its business in foreign markets

C. The overseas markets are larger than the domestic market

D. The affiliates are responsive tio a number of important environmental forces

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4

Ultimately ……………… was replaced by the …………….on 1st Jan 1995

A. GATT/WTO

B. GATS/IMF

C. WTO/WORLD BANK

D. WORLD BANK/WIPO

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4

The five forces that affect the level of competition in an industry are

A. Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry.

B. Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession.

C. Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry.

D. Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action

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4

________theory states that, lack of resources often helps countries to become competitive

A. Competitive theory

B. Porters Diamond Model

C. Theory of Mercantilism

D. Product life cycle theory

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4

The following statement with respect to culture is false

A. Culture is enduring.

B. Culture is changing.

C. Culture is evolved among the members of a society.

D. Culture is determined by national boundaries.

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4

For the society, religion has no influence on

A. holidays.

B. language.

C. role of women.

D. marketing practices.

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4

The first phase of globalization started around 1870 and ended with …

A. The World War I

B. The World War II

C. The Establishment of GATT

D. In 1913 when GDP was high

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Quantitative restrictions refer to limit set by countries to curb

A. Imports

B. Exports

C. Imports & exports

D. None of the above

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4

India is an

A. Emerging economy

B. Developed economy

C. Less developed economy

D. None of these

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4

The following nationals would be aggressive at the beginning of business negotiations, but offer large concessions in the end

A. American.

B. Russian.

C. German.

D. Japanese.

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An attribute that doesnt contribute to Porters Diamond model is

A. Government

B. Organized Trade union

C. Factor Conditions

D. Demand Conditions

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4

When the exporter, expects the importer, to make the payment immediately upon the draft being presented to him is called.

A. Sight Draft.

B. Usance Draft

C. Demand draft

D. Pay Note

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4

The country that attract the largest FDI inflow is

A. USA

B. INDIA

C. CHINA

D. BRAZIL

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4

The role of women is restricted in

A. Eastern countries.

B. Middle East countries.

C. Traditional Islamic countries.

D. India.

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4

A Most Favoured nation status doesnt necessarily refer to

A. Same and equal economic treatment

B. Non-discriminatory treatment

C. Same tariff rates applicable

D. Uniform civil code

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Ownership of intellectual property is recognized in law by granting

A. Licenses.

B. Patents.

C. Copyrights.

D. Patent, copyright or trademark as appropriate.

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Wholly owned subsidiary can be set up

A. as a Greenfield venture.

B. to acquire an existing firm.

C. to have products marketed overseas.

D. to have management is overseas.

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Geographical indications specify

A. Place of origin of goods.

B. Special characteristics of the product associated with the place of origin.

C. Place and special characters of the product.

D. Place or special characters of the product.

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International business does not result in the following

A. Innovation is encouraged.

B. International cooperation is encouraged.

C. Imports are rendered cheap.

D. Consumption is minimized.