MGT602 Theme 12 MCQs and Subjective Long Questions with Answers

MGT602 Themes 12 MCQS With Answer By Pin✌️.

Q1. What is a key driver of globalization that has reshaped the dynamics of businesses?

1. Improved transportation
2. Decreased communication channels
3. Limited cultural exchange
4. Restricted trade agreements

Answer: A) Improved transportation

Q2. Which type of economy categorizes nations based on their skill and knowledge?

1. Resource-based economy
2. Labor-based economy
3. Skill and knowledge-based economy
4. Service-based economy

Answer: C) Skill and knowledge-based economy

Q3. What is the concept of a "born-global firm" in the context of globalization?

1. Firms that only operate domestically
2. Firms that expand internationally from the beginning
3. Firms that avoid global markets
4. Firms that focus on local markets only

Answer: B) Firms that expand internationally from the beginning

Q4. Which strategy involves introducing a new product in the same market to stimulate growth?

1. Market development
2. Market penetration
3. Product development
4. Diversification

Answer: C) Product development

Q5. What is a challenge faced by entrepreneurs in a globalized world related to culture and values?

1. Limited access to resources
2. Cultural barriers
3. Stable legal systems
4. Homogeneous markets

Answer: B) Cultural barriers

Q6. Which option for going global involves a local partner in a foreign country for joint collaboration?

1. Exporting
2. International franchising
3. Foreign licensing
4. International strategic alliance

Answer: D) International strategic alliance

Q7. What is a benefit of digitalization for businesses in a globalized world?

1. Increased competition
2. Limited customer base
3. Reduced cost of business
4. Decreased online presence

Answer: C) Reduced cost of business

Q8. In the Ansoff Matrix, which stage represents a product with high market share but low market growth?

1. Star
2. Question Mark
3. Cash Cow
4. Dog

Answer: C) Cash Cow

Q9. What is a challenge of e-commerce and e-business related to generating online traffic?

1. Limited competition
2. High conversion rates
3. Difficulty in targeting customers
4. Easy technology selection

Answer: C) Difficulty in targeting customers

Q10. Which factor has facilitated the exchange of commodities across the world due to globalization?

1. Improved transportation
2. Restricted trade agreements
3. Limited cultural exchange
4. Decreased communication channels

Answer: A) Improved transportation

Q11. What is a risk associated with market development strategy for business expansion?

1. Low market share
2. High brand success
3. Moderate to high risk
4. Stable market conditions

Answer: C) Moderate to high risk

Q12. How do global entrepreneurs need to adapt to the culture of the country where their business operates?

1. Ignore cultural differences
2. Embrace cultural diversity
3. Avoid cultural integration
4. Minimize cultural interactions

Answer: B) Embrace cultural diversity

Q13. Which option for going global involves selling products/services of a foreign company in the home country?

1. Exporting
2. Importing
3. Foreign licensing
4. International franchising

Answer: D) International franchising

Q14. What is a challenge faced by entrepreneurs in a globalized world related to financial issues?

1. Stable financial markets
2. Limited investment opportunities
3. Economic risk
4. Reduced operational costs

Answer: C) Economic risk

Q15. In the BCG Matrix, which stage represents a product with low market share and high market growth rate?

1. Star
2. Question Mark
3. Cash Cow
4. Dog

Answer: B) Question Mark

Q16. What is a benefit of globalization for businesses in terms of natural resource endowment?

1. Limited competitive advantage
2. Reduced resource availability
3. Increased reliance on other countries
4. Unique competitive advantage

Answer: D) Unique competitive advantage