Tag: private, public and global enterprises

Questions Related to private, public and global enterprises

When an international company joins an Indian company, they gain access to the vast Indian market.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. True

  2. False

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Correct Option: A
Explanation:

Jaugar & Land Rover are  British multinational car manufacturer brand headquartered in Whitley, England is owned by the Indian company Tata Motors since 2008. On June 2, 2008, the sale to Tata was completed at a cost of 1.7 billion pounds. A new assembly plant was also opened at Pune in April 2011.

It is becoming increasingly common for companies to create joint ventures with other companies and form strategic alliances with them.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. True

  2. False

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Correct Option: A
Explanation:

It is becoming increasingly common for companies to create joint ventures with other companies and form strategic alliances with them. The reasons for these alliances may be complementary capabilities and resources such as distribution channels, technology or finance. 

Which of the following are benefits of a joint venture form of company?

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. Increased resources and capacity

  2. Access to new markets and distribution networks

  3. Access to technology

  4. All of the above

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Correct Option: D
Explanation:

Joint ventures has various benefits. Joining hands with another adds too existing resources and capacity to grow and expand more quickly and efficiently. It also opens up a vast growing market and distribution channels. Advanced technology also adds to the effeciency and effectiveness. 

Which among the following is a competitive advantage that a firm gains through R&D?

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. It is not suitable for small firms.

  2. Increase in man-hours spent.

  3. An idea that rivals cannot be easily replicated.

  4. It is fruitful only in the long run.

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Correct Option: C
Explanation:

Firms invest in R&D because they want to grow by developing new products. It's hard for a company to remain competitive if it does not stay ahead of the technology curve.The RQ can tell firms (and investors) the increase in revenue and market value they can expect from an increase in R&D spending.

Which of the following can be seen as a part of commercial firm's intellectual property?

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. Scientists employed by an Atomic Research Centre.

  2. Technology breakthrough at a state funded university.

  3. Expenditure on R&D.

  4. A Brand name.

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Correct Option: D
Explanation:

Brands today are generally recognized as a key asset for creating value for a business. Any “enterprise”, in the wide sense of that term, be it for-profit, not-for-profit, small, medium-sized or large, even a country or geographical region, can develop a brand image. The potential commercial value of a brand cannot be underestimated. The brand is the central nexus of communication between an enterprise and its consumers.

Process innovation refers to __________.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. The development of a new office

  2. The development of a new advertisement

  3. The implementation of a new tool or improved machinery

  4. The development of new products or services

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Correct Option: C
Explanation:

Process innovation means the implementation of a new or significantly improved production or delivery method (including significant changes in techniques, equipment and/or software.

Process innovation is a new or significantly improved way of doing things in a business that typically increases production levels and decreases costs.Delivery: Delivery process innovations involve tools, techniques, and software solutions to help in supply chain and delivery systems.

Identify the best example of innovator among the following.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. A retail book shop

  2. Textile shop

  3. Smartphone manufacturer

  4. Mining company

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Correct Option: C
Explanation:

The mobile phone industry is a very innovative segment within the ICT sector and the smartphone is becoming the standard configuration among the different types of mobile devices. Technical change and new product proliferation have made this industry extremely dynamic, even if market shares are highly concentrated in companies. 

Innovation can be best defined as _______________.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. Commercialization of a new product or process

  2. Invention of a new product or process

  3. An idea of a new product or a process

  4. Implementation of a new production method

Show answer
Correct Option: A
Explanation:

The process of translating an idea or invention into a good or service that creates value or for which customers will pay. 

In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.
Innovation generally refers to changing processes or creating more effective processes, products and ideas. For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services. Innovation can increase the likelihood of your business succeeding.