International Business — Practice Quiz
CBSE · Class 11 · Business Studies
Try a 4-question quiz on International Business for CBSE Class 11 Business Studies: tap an answer to check it and see why.
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Quick Quiz: International Business
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What is the fundamental reason behind international business?
What is the primary difference between domestic and international business?
Which of the following is NOT a form of international business?
What is a letter of credit in international trade?
Sample Questions
What is contract manufacturing?
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Contracting local manufacturers to produce goods as per specifications
Contract manufacturing involves hiring local manufacturers in foreign countries to produce components or complete products according to specific requirements.
What is the primary benefit of international business for countries?
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Foreign exchange earnings
Countries benefit from international business by earning foreign exchange, which can be used to import capital goods, technology, and other essential products.
What distinguishes franchising from licensing?
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Franchising is more specific to service businesses
While licensing and franchising are similar, franchising is typically used for service businesses and involves stricter operational guidelines.
What is a wholly owned subsidiary?
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A foreign company fully owned by a parent company
A wholly owned subsidiary is established when a parent company makes a 100% equity investment in a foreign company, giving it complete control.
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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