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International Business Strategies Quiz

Authored by James Grefalde

Professional Development

12th Grade

30 Questions

Used 2+ times

International Business Strategies Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a political risk in international expansion?

Currency fluctuations

Trade restrictions or embargoes

Cultural differences

Inflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does cross-cultural management focus on?

Aligning supply chain operations globally

Managing relationships in diverse cultural environments

Standardizing legal frameworks across countries

Developing economic risk analysis models

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a legal risk associated with international expansion?

Language barriers in negotiations

Changes in labor laws and regulations

Differences in marketing strategies

Varying customer preferences

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of developing cross-cultural management skills?

Increasing employee turnover

Enhancing the ability to manage diverse teams effectively

Reducing trade tariffs

Eliminating economic risks in global markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market entry strategy involves granting the right to use a company's trademark or product to another business in a foreign market?

Exporting

Licensing

Joint ventures

Direct investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which cultural factor is important to consider in international expansion?

Local workforce productivity

Exchange rate stability

Religious beliefs and practices

Availability of natural resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a real-world example of economic risk in international business?

A sudden change in tariff rates

Adoption of new technologies by competitors

Differences in team management styles

Variations in weather conditions

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