International Business - International Business Section 2

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56. Assertion (A). Indent may be open or closed open indent does not specify the Price and other details of the good, the closed indent specifies the brand, price, number, packing shipping mode, insurance, etc.
Reason (R). This is required as a part of export procedures.

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Option : C
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57. Assertion (A). International businesses focus on global resources, opportunities to buy/sell worldwide.
Reason (R). The efforts of IMF, World Bank and WTO to liberalize their economics led to globalization.

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Option : A
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58. According to the theory of each country should concentrate on the production of these goods for which it is best suited.

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Option : A
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59. Which of the following organizations promotes trade?

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Option : D
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60. Bill of lading is issued by

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Option : C
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International Business Section 2

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