Unit 5 L3 International Trade

Unit 5 L3 International Trade

12th Grade

7 Qs

quiz-placeholder

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Unit 5 L3 International Trade

Unit 5 L3 International Trade

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Bina Raniga

Used 4+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are reasons for trading internationally?

Economies of scale

Easy to trade internationally

Access to new markets can only sale one product

dont have to pay tax

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Offering goods and services in other areas outside UK offers potential for organisations to ...........................................

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of these are examples of emerging markets

UK and USA

Russia,China and India

Turkey, Mexico and Iran

Europe

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Methods used by a business to for finance International Trade include.......

cash

Personal cheques

Letter of credit

credit card

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is the role of the British Chamber of Commerce and Department of International Trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of these are features of globalisation have been benefits for Walmart, Apple and Nike who operate internationally? More then 1 correct answer, for this question,how many have you identied.

Using common currencies

Have multinational coroperations

International Mobility of labour

Trading Blocs

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of these can be barriers to international Trade?

No of staff a company has

Advertising and Branding

Economic sanctions, trade restrictions, legal and regulatory systems

Trading with the USA