Description : Which of the following are elements of International Strategy framework? A. Lingual Advancements B. Climatic conditions C. Favourable logistics D. None of these options
Last Answer : Favourable logistics
Description : Which of the following are drivers of Internationalization? A. Trade Policies B. Factor Conditions C. Scale Economies D. All of the above
Last Answer : All of the above
Description : Which of the following are not drivers of Internationalization? A. Income Inequalities. B. Lingual Advancements C. All the above D. None of the above
Last Answer : All the above
Description : Which of the following are not drivers of Internationalization? A. Market B. Climatic conditions C. Competition D. Government
Last Answer : Climatic conditions
Description : Which of the following are not drivers of Internationalization? A. Country specific migrants B. Competition C. Government D. Cost
Last Answer : Country specific migrants
Description : Which of the following are drivers of Internationalization? A. Global customers B. Host Government policies C. Transferable marketing D. All of the above
Description : Which of the following are drivers of Internationalization? A. Country specific migrants B. Trade policies C. Lingual Advancements D. All of the above
Last Answer : Trade policies
Description : Using organization's existing under-utilized resources or capabilities (technologies, distribution channels, brands etc.) to new markets, products or services, is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale
Last Answer : Economies of Scope
Description : A business is able to reduce total cost by spreading fixed costs across a wider range of products. This is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale
Last Answer : Economies of Scale
Description : New entrants to an industry are more likely when (i.e., entry barriers are low when…) A. It is difficult to gain access to distribution channels. B. Economies of scale in the industry are high. C. Product differentiation in the industry is low. D. Capital requirements in the industry are high.
Last Answer : Product differentiation in the industry is low.
Description : Which of the following is NOT an entry barrier to an industry? A. None of these B. Economies of scale C. Customer loyalty D. Bargaining power of suppliers
Last Answer : Bargaining power of suppliers
Description : Global economies of scale arise when: a) a product or a process can be globally performed using cheap labour. b) a product or a process can be performed more cheaply thanks to alliances ... a process can be performed more cheaply thanks to globally performed cross-business cost-saving activities.
Last Answer : a product or a process can be performed more cheaply at greater volume than at lesser volume.
Description : Two reasons for mergers and acquisitions are a. to increase managerial staff and to minimize economies of scale. b. to reduce tax obligations and increase managerial staff. c. to create seasonal trends ... of a new sales force. d. to provide improved capacity utilization and to gain new technology
Last Answer : to provide improved capacity utilization and to gain new technology
Description : Which type of departmentalization achieves economies of scale by placing people with common skills and orientations into common units? (a) Geographic ; (b) Product ; (c) Process ; (d) Functional
Last Answer : (d) Functional
Description : With internationalization, after a point, the costs of organization complexity may be.........the benefits of internationlization? A. Equal B. Lesser than C. Greater than D. Not comparable to
Last Answer : Greater than
Description : During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700
Last Answer : (d) 18,700
Description : The International Monetary Fund is important because: A. It has sufficient financial resources to deal with a major global financial crisis. B. It has sufficient financial resources to help individual ... C. Emerging economies can exercise significant influence on it. D. It fixes exchange rates.
Last Answer : It has sufficient financial resources to help individual countries facing balance of payments problems
Description : What inhibits innovation at the bottom of the Pryamid? A. The assumptions of Multi-National Companies B. The buying habits of poor people C. The scale of investment required for success in the BoP market D. All of these options are valid
Last Answer : All of these options are valid
Description : Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options
Last Answer : None of these options
Description : What Economies of scale?
Last Answer : Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each ... shiploads), tooling can be made and processes refined for larger production numbers, etc.
Description : If an industry is characterized by economies of scale then - (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial
Last Answer : (2) long run unit costs of production decreases as the quantity the firm produces increases Explanation: In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion ... in unit cost as the size of a facility and the usage levels of other inputs increase.
Description : Economies of Scale means reduction in (1) unit cost of production (2) unit cost of distribution (3) total cost of production (4) total cost of distribution
Last Answer : (1) unit cost of production Explanation: In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion. "Economies of scale" is a long run concept and refers ... in unit cost as the size of a facility and the usage levels of other inputs increase.
Description : Which of the following is not a driver of globalization? A. The fragmentation of consumer tastes between countries. B. The competitive process. C. Multinational companies successfully persuading governments to lower trading barriers. D. The need to gain economies of scale.
Last Answer : The competitive process.
Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.
Last Answer : Trade barriers and controls on inflows of foreign direct investment.
Description : Which of the following is necessary for a natural monopoly? a. economies of scale b. a high proportion of the total cost is the cost of capital goods c. the market is very small d. all of the above
Last Answer : d. all of the above
Description : 4. The demand for labor slopes down and to the right because of a. the law of demand b. the iron law of wages c. the law of diminishing marginal returns d. economies of scale
Last Answer : c. labor is a large percent of the total cost of production
Description : Promotion efforts are subject to a. economies of scale. b. increasing returns. c. diminishing returns. d. promotion expenditure. e. customer awareness.
Last Answer : c. diminishing returns.
Description : ‘Economies of Scale’ arises from _______ synergy in Merger and Acquisitions. a) operating b) financial c) managerial d) market
Last Answer : a) operating
Description : The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.
Last Answer : (a) The economies of large scale production
Description : .Free trade is based on the principle of (a) Comparative advantage (b) Comparative scale © Economies of advantage (d) Production possibility advantage
Last Answer : (a) Comparative advantage
Description : The focus on increasing profitability and profit growth by reaping the cost reduction that come from economies of scale is ________. A. global standardization strategy. B. localization strategy. C. transnational strategy D. international strategy.
Last Answer : A. global standardization strategy.
Description : The positively sloped part of long run cost curve of a firm is due to (a) Economies of scale ; (b) Diseconomies of scale; (c) Diminishing returns to scale ; (d) Marginal utility theory
Last Answer : (b) Diseconomies of scale;
Last Answer : unit cost of production
Description : If an industry is characterised by economies of scale then (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial
Last Answer : long run unit costs of production decreases as the quantity the firm produces increases
Description : What is the key outcome from PESTEL analysis? A. Five Forces B. Identification of the external drivers for change C. Critical success factors D. Possible scenarios
Last Answer : Identification of the external drivers for change
Description : What are the four industry globalizing drivers? a) Market drivers, cost drivers, government drivers, and localization drivers b) Market drivers, cost drivers, government drivers, and ... drivers, bargaining drivers d) Market drivers, cost drivers, competitive drivers, regionalization drivers
Last Answer : Market drivers, cost drivers, government drivers, and competitive drivers
Description : What three broad factors determine global strategy of multinational firms? a) Local globalizing drivers, industry globalizing drivers, internal globalizing drivers b) Cultural globalizing ... orientation d) Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers
Last Answer : Macro globalizing drivers, industry globalizing drivers, internal globalizing drivers
Description : What is the key outcome from PESTEL Analysis ? A. Five Forces B. Identification of the drivers for change C. Critical Success Factors D. Possible Scenarios
Last Answer : Identification of the drivers for change
Description : Calculate the most appropriate unit cost for a distribution division of a multinational company using the following information. Miles travelled 636,500 Tonnes carried 2,479 Number of drivers 20 Hours worked by drivers 35,520 Tonnes miles ... 800 (a) Rs .88 (b) Rs 1.50 (c) Rs 15.84 (d) Rs28, 140
Last Answer : (d) Rs28, 140
Description : If you will be the senior member of poor student's committee, what will be your criteria to disburse the financial aid to the students? Options: A) Financial support must go to your favourable students ... to the students giving every service to the teacher D) You are neutral and feel it a burden
Last Answer : B) Financial support must go to the desirable students
Description : It appears that modern students are adopting innovative methods of flattery and short-cuts in their studies. What do you think about its remedial measures? Options: A) Use these youngsters for your personal gains ... by the teachers D) As it is the trend of society there is nothing wrong in it
Last Answer : Favourable remedial measures should be implemented to make them strong and upright citizens by the teachers
Description : When students are deliberately attempting to disturb the discipline of the class by making numerous mischievous like throwing of chalks, whistling upon you, calling foul and obscene words, then what ... an indirect threat D) Doing favourable efforts to judge himself and improve the mutual relations
Last Answer : Doing favourable efforts to judge himself and improve the mutual relations
Description : Suppose an intelligent student became mal-adjusted due to some family problems. As he has deep faith in you, he comes to you for its solution. What action will you take in this condition? ... selfishness by knowing his family's weakness D) You leave the child without interfering in his problem
Last Answer : B) You think patiently and suggest some favourable remedy