3.9.3 International business

3.9.3 International business

Professional Development

35 Qs

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3.9.3 International business

3.9.3 International business

Assessment

Quiz

Social Studies

Professional Development

Practice Problem

Hard

Created by

James Hannaford

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a method of entering international markets that involves buying from or selling to companies and consumers in other countries?

Licensing

Direct Investment

Importing and Exporting

Alliances

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential drawback of forming alliances when entering international markets?

High initial investment costs

Loss of some control over the venture

Difficulty in obtaining raw materials

Increased tariffs and quotas

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor affecting the attractiveness of international markets involves considering the population demographics?

Political and Economic Factors

Cultural, Ethical and Environmental Factors

Size of the Market

Technological Factors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the benefits of licensing as a method of entering international markets?

High level of control over the product

Low amount of risk

Immediate market presence

High initial investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor includes the need to consider political conditions and exchange rates when entering international markets?

Size of the Market

Political and Economic Factors

Cultural, Ethical and Environmental Factors

Technological Factors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common way businesses can reduce costs when entering international markets?

Increasing product prices

Reducing the scale of operations

Getting raw materials from countries with the cheapest prices

Hiring more employees

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which method of entering international markets involves a business taking over or merging with a business in a different country?

Licensing

Direct Investment

Importing and Exporting

Alliances

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