Class 11 Business Studies Important Chapter 11 International Business

Class 11 Business Studies Important Chapter 11 International Business Solutions English Medium As Per AHSEC New Syllabus to each chapter is provided in the list so that you can easily browse through different chapters ASSEB Class 11 Business Studies Important Solutions and select need one. AHSEC Class 11 Business Studies Additional Notes English Medium Download PDF. HS 1st Year Business Studies Important Solutions in English.

Class 11 Business Studies Important Chapter 11 International Business

Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. ASSEB Class 11 Business Studies Additional Question Answer are part of All Subject Solutions. Here we have given HS 1st Year Business Studies Important Notes in English for All Chapters, You can practice these here.

International Business

Chapter: 11

Part – II: Corporate Organisation, Finance and Trade

IMPORTANT QUESTION AND ANSWER

Short Questions and Answers

1. What is international business?

Ans: International business refers to business activities that take place across national frontiers, including trade, investments, and production.

2. Mention two major reasons for international business.

Ans: Unequal distribution of resources and differences in productivity and costs of production among nations.

3. What is the main difference between domestic and international business?

Ans: Domestic business is confined within national borders, while international business involves transactions across countries.

4. Name two modes of entering international business.

Ans: Exporting/importing and joint ventures.

5. Define merchandise exports.

Ans: Merchandise exports refer to the sending of tangible goods to foreign countries.

6. What is licensing?

Ans: Licensing is a contractual arrangement where a firm permits another firm in a foreign country to use its intellectual property for a fee.

7. What is franchising?

Ans: Franchising is a system of granting rights to use a company’s brand name, trademarks, and business model for a fee, typically in service industries.

8. What is FDI?

Ans: Foreign Direct Investment (FDI) involves investing funds in foreign countries to establish production and marketing facilities.

9. What is a letter of credit?

Ans: A letter of credit is a bank-issued guarantee that payment will be made to the exporter after fulfilling specified conditions.

10. What is a bill of lading?

Ans: A bill of lading is a document issued by a shipping company acknowledging receipt of goods for shipment.

11. Define export invoice.

Ans: An export invoice is the seller’s bill specifying the quantity, value, and delivery terms of the exported goods.

12. What is a pre-shipment inspection?

Ans: It is a mandatory inspection by authorised agencies to ensure quality before goods are exported.

13. What is the function of Export Promotion Councils (EPCs)?

Ans: EPCs promote and support exports of specific categories of products.

14. Mention any one benefit of international business to firms.

Ans: Firms get opportunities for higher profits through access to larger international markets.

15. What is contract manufacturing?

Ans: It is a form of outsourcing where firms get products manufactured in foreign countries by local firms under a contract.