MP Board · Class 11 · Business Studies · International BusinessWhich of the following is NOT a benefit of international business to nations?
Step-by-Step Solution
International business brings benefits such as earning foreign exchange, division of labor, optimum utilization of resources, and achieving economic growth. However, exploitation of domestic resources for foreign gains and causing severe dependence can be drawbacks, not benefits.
Detailed Options Breakdown
Option : Earning foreign exchange
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 1: Optimum utilization of resources
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
Option 2: Promoting cultural homogenization and unfair trade (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Access to superior technology and goods
Incorrect choice. This distractor represents a common misunderstanding of the core principles of International Business.
💡 Study Guide: This question tests core syllabus concepts from International Business. For formulas, key summaries, and mock exam reference guides, read the full International Business Revision Notes.