Business Environment And International Business - Study Mode
[#286] Consider the following statements. Assertion (A): The 'Balance of Payments' presents a classified record of all receipts on account of goods exported, services rendered and capital received by 'residents' and payments made by them on account of goods imported and services received from capital transferred to 'non-residents' or 'foreigners'. Reason (R): The 'Balance of Payments' of a country is a systematic record of all economic transactions between the 'residents' of a country and the rest of the world.
Correct Answer
(A) Both (A) and (R) are correct and (R) is the right explanation of (A)
[#287] Which of the following are sources of ethics? 1. Religion 2. Legal system 3. Economic system 4. Culture 5. Family system Select the correct answer:
Correct Answer
(C) 1, 4 and 5
[#288] Assertion (A): Internal factors of business environment are controllable factors. Reason (R): The company can alter or modify such factors to suit the environment.
Correct Answer
(A) Both (A) and (R) are true
[#289] In the context of globalisation,'Levitt Thesis' means
Correct Answer
(A) Standardisation strategy to respond to the worldwide homogenised market and expand the market through aggressive low pricing
[#290] Which of the following can be referred as external factors affecting a business environment?
Correct Answer
(B) Uncontrollable factors