Business Group B

Business Group B

Topic A1: Why do businesses trade internationally?

Multiple Choice

What do businesses trade internationally?

• To earn respect from the world

• Out of necessity, due to lack of resources

• They find it easier to deal with other country's

• To take over the country's economy

Multiple Choice

What does specialization of a country mean?

• The country is special

• The country gets special privileges

• The country's resources what they have to offer

• The country is a tier banding system

Poll

List 4 reasons why business's need to trade with other country's?

• Yield higher returns

• Increase customer base globally

• Relinquish some of their country's debt

• Economic growth

Multiple Choice

The first Tesco store was built in London. Tesco have since opened stores all accross the UK and in other countries. Which type of business growth is this?

• Internal (organic) growth

• External growth

Multiple Choice

Which of the following is most likely to be a benefit of business growth?

• Increased costs

• Increased sales

• Increased competition

• Increased chance of failure

Multiple Choice

Dyson started by selling vacuum cleaners...they now sell hand dryers, washing machines, and fans. Which type of business growth is this an example of?

• Internal (organic) growth

• External growth