Business Environment
251. Product liability law relate to
- Holding the manufacturer responsible for the damages caused to the genuine user of the product.
- Liability of the customer for illegitimate use of the product
- Liability of the seller for selling spurious goods
- Holding the manufacturer for advertising the false information
Correct answer: (A)
Holding the manufacturer responsible for the damages caused to the genuine user of the product.
252. The following is not a feature of globalisation
- Similar strategies are adopted by a firm in all markets
- Only multinational firms engage in international business
- Convergence of ideas and culture
- Obliteration of national boundaries
Correct answer: (A)
Similar strategies are adopted by a firm in all markets
253. Geographical indications specifies
- Place of origin of goods
- Special characteristics of the product associated with place of origin
- Place and special characters of the product
- Place or special characters of the product
Correct answer: (C)
Place and special characters of the product
254. To assess the potential of international markets, organizations generally compare nations with respect to
- political regime
- demographics, GNP/capita and 'consumer preferences'
- consumer preferences
- demographics, GNP/capita
Correct answer: (B)
demographics, GNP/capita and 'consumer preferences'
255. Income and population are two variables that can be used
- demographic segmentation
- Behavioural segmentation
- Lifestyle segmentation
- Psychographic segmentation
Correct answer: (A)
demographic segmentation
256. In the PEST framework for environmental analysis what does the letter E stands for
- Ethical
- Ecological
- Educational
- Economic
Correct answer: (D)
Economic
257. What does the term 'third sector' refer to?
- the high technology industries
- the service sector
- the voluntary sector
- small and medium sized enterprises (SMEs)
Correct answer: (C)
the voluntary sector
258. The system of government in a nation is called the
- Political system
- Economic environment
- Political environment
- National policy
Correct answer: (C)
Political environment
259. The protection against the new invention of a product or process for a defined period is
- patent
- trade mark
- copy right
- Technology
Correct answer: (A)
patent
260. The total accumulated value of foreign- owned assets at a given period of time is
- flow of FDI
- stock of FDI
- inflow of FDI
- outflow of FDI
Correct answer: (B)
stock of FDI