Class 11 International Business worksheet

Sample questions

Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.

Section A · multiple choice

1. 1.

   Manufacturing and trade across national boundaries is:

   1. retail trade
   2. domestic business
   3. internal trade
   4. international business

   Answer

   (d) international business

2. 2.

   What is meant by “franchising”?

   1. licensing a service business model and brand
   2. a foreign firm fully owned by the parent company
   3. a shipping company’s receipt that is also title to the goods
   4. a bank’s guarantee to pay the exporter

   Answer

   (a) licensing a service business model and brand

3. 3.

   A firm buys all the shares of an established company abroad. Which mode of entry is this?

   1. exporting
   2. franchising
   3. importing
   4. wholly owned subsidiary

   Answer

   (d) wholly owned subsidiary

Section B · short answer

1. 4.

   Why is international business different from domestic business?

   Answer

   Buyers and sellers are of different nationalities, factors are less mobile, customers differ, and currencies, laws and business systems differ.

2. 5.

   Explain each term: (a) bill of lading (b) franchising

   Answer

   (a) a shipping company’s receipt that is also title to the goods (b) licensing a service business model and brand

Section C · long answer

1. 6.

   Explain the modes of entry into international business.

   Answer

   Exporting and importing, contract manufacturing, licensing and franchising, joint ventures, and wholly owned subsidiaries; they differ in investment, control and risk.

Fresh sheets for your child

In the app, every International Business sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.

Coming soon for Android and iPhone.

More Class 11 Business Studies