Please refer to International Business HOTs Class 11 Business Studies provided below with International Business. All HOTs for Class 11 Business Studies with answers provided below have been designed as per the latest syllabus and examination petter issued by CBSE, NCERT, KVS. Students of Standard 11 Business Studies should learn the solved HOTS for Class 11 Business Studies provided below to gain better marks in examinations.
International Business Class 11 Business Studies HOTs
Question. Name the entry mode in which domestic manufacturer gives the right to access to the trademark, technology, and trade secret to a manufacturer is a foreign land.
Answer : Licensing is the entry mode or a contractual arrangement when a domestic manufacturer gives the right to access to its trademark, technology, and trade secret to a manufacturer is a foreign land.
Question. Mention the common points between licensing and franchising.
Answer : The common points between licensing and franchising is that both can use brand names, patent, and copyrights.
Question. Define shipping bill.
Answer : Shipping bill refers to the documents required for the export of goods. Under the basis of this document, the customs officer gives permission to export the goods.
Question. ABC company acquires XYZ company located in Delhi by investing 100% of its equity. What will the XYZ company call?
Answer : The XYZ company will be known as a solely owned subsidiary of ABC company.
Question. Explain C&F agent.
Answer : C&F agent is defined as a clearing and forwarding agent who is involved in implementing services directly or indirectly, connected with the clearing and forwarding.
Question. Define Bill of Entry.
Answer : Bill of entry is the statement made by the importer or the exporter of nature of the consignment, its quantity, and the value of the goods that have been reached or being shipped. This statement is made by the customs clerk or the broker and is checked by the customs authority for its precision and tariff and regulation update.
Question. Explain the objectives of WTO?
Answer : The objectives of WTO are.
• To make sure that the taxes and trade restrictions forced by other countries are less.
• To make sure they raise the standard of living, increase employment and income, and facilitate high trade and production.
• To promote the beneficial use of resources for sustainable development.
• To improve and promote mixed, more feasible, long-lasting trading system