International Business

Front

What is the primary goal of international business?

Back

To expand market reach and increase profits

Front

Which of the following is a key factor to consider when conducting business in a different country? Local weather conditions, Cultural differences and business etiquette, The number of local sports teams, The country's national bird

Back

Cultural differences and business etiquette

Front

What is the main difference between imports and exports?

Back

Imports are goods brought into a country, while exports are goods sent out of a country.

Front

Which of the following is an example of an export? A local farmer selling vegetables at a nearby market, A company in the USA selling software to a company in Germany, Buying electronics from Japan, Purchasing local art from a street vendor

Back

A company in the USA selling software to a company in Germany

Front

Why is inventory control important in international business?

Back

It ensures that there is enough stock to meet customer demand without overstocking.

Front

Which of the following is a type of distribution channel? Direct distribution, Indirect distribution, Both A and B, Neither A nor B

Back

Both A and B

Front

What is a direct distribution channel?

Back

A channel where products are sold directly from the manufacturer to the consumer.

Front

What is an indirect distribution channel?

Back

A channel where products are sold through intermediaries like wholesalers or retailers.

Front

Which of the following is a benefit of exporting goods? Options: Decreased market reach, Increased competition in the local market, Access to new markets and increased sales potential, Higher transportation costs

Back

Access to new markets and increased sales potential

Front

What is a potential challenge of importing goods?

Back

Tariffs and import restrictions