Finnish Foreign Trade and International Business Quiz

Finnish Foreign Trade and International Business Quiz

12th Grade

13 Qs

quiz-placeholder

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Finnish Foreign Trade and International Business Quiz

Finnish Foreign Trade and International Business Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Kosar Mahmoodi

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key regulations that govern Finnish foreign trade?

EU regulations, customs regulations, and international trade agreements

Import/export taxes

Labor laws

Local business regulations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Finnish government support and promote foreign trade?

Providing financial assistance, trade missions, and diplomatic support

Imposing high tariffs and import restrictions

Refusing to engage in any international trade agreements

Limiting the number of foreign companies allowed to operate in Finland

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different entry strategies for international business?

The different entry strategies for international business include exporting, licensing, franchising, joint venture, and foreign direct investment (FDI).

Domestic production and sales

Online marketing and advertising

Importing and exporting

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the concept of market entry modes in international business.

Market entry modes are the different types of currency used in international business

Market entry modes are related to the types of advertising used in a new market

Market entry modes refer to the strategies and methods used by a company to enter a new international market.

Market entry modes refer to the methods of transportation used to deliver products to a new market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does globalization impact the export industry in Finland?

Globalization can increase the demand for Finnish exports and provide access to new markets, but also create competition from foreign companies.

Globalization has no impact on the export industry in Finland

Globalization leads to a decrease in demand for Finnish exports

Globalization only benefits the import industry in Finland

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the competitive requirements for successful export in the global market?

Competitive pricing, low-quality products, lack of understanding of international trade regulations, and weak customer service

Low-quality products, lack of understanding of international trade regulations, ineffective marketing and distribution channels, and weak customer service

Competitive pricing, high-quality products, understanding of international trade regulations, effective marketing and distribution channels, and strong customer service.

High pricing, low-quality products, lack of understanding of international trade regulations, and ineffective marketing and distribution channels

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the preconditions for a successful export business?

Understanding of target market, knowledge of export regulations, competitive pricing, quality products or services, and effective marketing strategies

Having a large social media following

Knowing the local language of the target market

Offering the cheapest products regardless of quality

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