Each of the following are the terms of shipment in export and import management, except:

• A) Free on Board (FOB)
• B) Revocable letter of credit (RLOC)
• C) Ex-works (EXW)
• D) Free Alongside Ship (FAS)

Which of the following is an agreement wherein the licensor gives something of value to the licensee in exchange for certain performance and payments from the licensee?

• A) Specialized mode
• B) Franchising
• C) Exporting
• D) Licensing

Identify the pricing term that indicates that the charterer of a vessel is responsible for the cost of loading and unloaded goods from vessel.

• A) Free in and out
• B) Free out
• C) Free out and in
• D) Free in

Identify the alliance in which two or more firms develop a contractual-relationship to share some of their unique resources and capabilities to create a competitive advantage.

• A) Global Strategic alliance
• B) Equity strategic alliance
• C) It is not kind of Alliance
• D) Non-equity strategic alliance

Which of the following letter of credit issued by the importer’s bank and confirmed by a bank, usually in the exporter’s country?

• A) Revocable letter of credit
• B) Unconfirmed irrevocable letter of credit
• C) Irrevocable letter of credit
• D) Confirmed irrevocable letter of credit

What are three popular methods for obtaining primary data?

• A) Interviews and surveys; observation; experimentation
• B) Survey; interviews; experimentation
• C) Experimentation; personal interview; Delphi technique
• D) Interviews and surveys; observation; Harrison methodology

Which of the following is a letter of credit issued by the importer’s bank and the issuing bank still has an obligation to pay?

• A) Revocable letter of credit
• B) Confirmed irrevocable letter of credit
• C) Unconfirmed irrevocable letter of credit
• D) Irrevocable letter of credit

Franchising is falling in which of the following method?

• A) Production-oriented
• B) Workforce-oriented
• C) Management-oriented
• D) Market-oriented

Identify which of the following countries that need time & technology rather than massive foreign aid to build modern developed economics belong?

• A) Fourth world
• B) First world
• C) Third world
• D) Second world

Which of the following method provide little or no control over the way the product or service is marketed in other countries?

• A) Licensing
• B) Specialized mode
• C) Franchising
• D) Exporting

Which of the following is a computer program for data preparation?

• A) SPSS
• B) Microsoft Office
• C) Microsoft Word
• D) SAR

“LG Nortel Co. Ltd” is a joint venture established by LG group and Networks. Identify the year in which this joint venture was established?

• A) 2001
• B) 2000
• C) 2002
• D) 2003

One of the major disadvantages of secondary data is:

• A) Already exist
• B) Expensive
• C) May be outdated
• D) May not be accurate

Which of the following is a specialist companies set up to act as the ‘export department’ for a range of companies?

• A) Enterprise network
• B) Export management companies
• C) None of the given options
• D) International trading companies

Identify the term in which “royalties” is closely associated?

• A) Contract manufacturing
• B) Franchising
• C) Licensing
• D) Direct exporting

Identify the country that’s retail sale derived from franchising is one third?

• A) The USA
• B) Asia
• C) Romania
• D) Europe

Which of the following is a problem regarding data that can be faced by a firm with secondary research in foreign countries?

• A) Non availability of data
• B) Reliability of data
• C) Data classification
• D) All of the given options

Which of the following is the most common mode for initial entry into international markets?

• A) Licensing
• B) Franchising
• C) Exporting
• D) Specialized mode

Which of the following method may be adopted by a firm to testing out markets before committing major resources and effort to developing an export organization?

• A) Franchising
• B) Specialized mode
• C) Licensing
• D) Exporting

In terms of consumer behavior; culture and reference group influences the consumption decisions. Choose third variable which is most impotent in this respect.

• A) Taxes
• B) Social class
• C) Price
• D) Political influences