261. The agreement in which a firm not only sells intangible property to an entity but also insist on the strict rules as to how it does business is ______________.
franchising
licensing
joint venture
strategic alliances
Correct answer: (A) franchising
262. The origin of Common law is in ______________.
America
England
Russia
India
Correct answer: (A) America
263. The new economic policy has components ______________.
Liberalization
Privatization
Globalization
LPG
Correct answer: (B) Privatization
264. Macro environment consists of ______________.
suppliers
competitors
marketing
distributors
Correct answer: (B) competitors
265. What do you mean by DGTD?
Director General of Trade and Development
Director General of Total Development
Director General of Technical Development
Director General of Transport Development
Correct answer: (A) Director General of Trade and Development
266. An ethical stance is the extent to which ______________.
An organisation meets the expectations of its stakeholders
An organisation will exceed its minimum obligations to stakeholders and society at large
An organisation meets regulatory requirements
An organisation respects the dominant religious beliefs of the country in which it operates
Correct answer: (B) An organisation will exceed its minimum obligations to stakeholders and society at large
267. The value chain is composed of primary & support activities. Which answer below provides the correct components for primary activities?
Service, human resource management, marketing & sales, operations and outbound logistics
Marketing & Sales, Operations, Outbound Logistics and Service
Procurement, Firm Infrastructure, Human Resource Management, Technology Development and Marketing & Sales
Inbound Logistics, Operations, Outbound Logistics, Marketing & Sales and Service
Correct answer: (C) Procurement, Firm Infrastructure, Human Resource Management, Technology Development and Marketing & Sales
268. Which of the following is characteristic of the final stage of demographic transition?
High death rates
Rapid population growth
Birth and death rates that are close to each other
High birth rates
Correct answer: (C) Birth and death rates that are close to each other
269. A country in the stage of traditional society is characterized by.
existence of traditional rule
non- existence of industries
predominance of agriculture
complete absence of literacy
Correct answer: (C) predominance of agriculture
270. Business across several countries with some decentralization of management decision making to subsidiaries is