International Business Quiz

What does the exporter need to do after agreeing on sales terms?

• Find new customers

• Provide the products or services

• Complete the transaction

• Meet the needs of customers

Why is it important to meet the needs of customers in the exporting process?

• To avoid sales

• To ensure successful transactions

• To ignore customer feedback

• To delay the process

What is the primary goal of a company making an FDI?

• To acquire foreign debt

• To gain a controlling interest

• To sell foreign assets

• To reduce foreign taxes

How does FDI contribute to economic growth in Canada?

• By decreasing productivity

• By increasing competition

• By reducing technology transfer

• By limiting foreign investment

What positive role do foreign companies play in job creation through FDI?

• They reduce the number of jobs

• They create jobs directly and indirectly

• They eliminate existing jobs

• They focus only on indirect job creation

What type of agreements does Canada have that facilitate foreign business?

• Military agreements

• Environmental agreements

• Free trade agreements

• Cultural agreements

How does political stability in Canada affect foreign direct investment (FDI)?

• It discourages investment

• It has no effect

• It provides a favorable climate for investment

• It complicates investment processes

What makes it easier for foreign companies to do business in Canada?

• High tariffs

• Free trade agreements

• Strict regulations

• Limited market access

What is a possible consequence of foreign companies replacing domestic workers?

• Increased domestic employment

• Job displacement

• Enhanced local skills

• Improved worker satisfaction

What is a potential benefit of foreign direct investment (FDI) for local businesses?

• Decreased market competition

• Access to new technologies

• Reduced export opportunities

• Increased regulatory hurdles