Match the items of List – I with items of List – II : List – IList – II (i) Wider Market 1. Modes of…
Matching the international business concepts: access to a Wider Market (i) is one of the primary Advantages of International Business (3); Turnkey Projects (ii) represent…
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Match the items of List – I with items of List – II :
| List – I | List – II |
|---|---|
| (i) Wider Market | 1. Modes of Entry |
| (ii) Turn key Projects | 2. Goal of International Business |
| (iii) Expanding the production capacities | 3. Advantages of International Business |
| (iv) Geocentric approach | 4. Stage of Globalisation |
Answer and explanation
Correct answer B
Matching the international business concepts: access to a Wider Market (i) is one of the primary Advantages of International Business (3); Turnkey Projects (ii) represent one of the foreign market Modes of Entry (1). Expanding production capacities (iii) is a core operational Goal of International Business (2), and the Geocentric approach (iv, in Perlmutter's EPRG framework) represents the highest Stage of Globalisation (4). Hence, (i)-3, (ii)-1, (iii)-2, (iv)-4 is correct.
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UGC NET Commerce