Globalization and SMEs Quiz PPD 2025 WEEK 1

What does globalization allow SMEs to do?

• Limit their market reach

• Access new customer segments

• Reduce their revenue streams

• Avoid international markets

How does globalization help SMEs with resources?

• Limits access to resources

• Provides access to a vast pool of resources

• Increases production costs

• Reduces innovation

What must SMEs adapt to in global markets?

• Only cultural environments

• Only legal environments

• Diverse cultural, legal, and economic environments

• Only economic environments

What is one challenge faced by SMEs in a globalized economy?

• Abundant resources

• Limited resources

• No competition

• Easy market entry

Why do SMEs struggle in a globalized economy?

• They have too many resources

• They face intense competition

• They have no products to sell

• They have no employees

What is one challenge SMEs face in a globalized economy related to supply chains?

• Easy access to local markets

• Managing and coordinating suppliers across countries

• Decreasing demand for products

• Simplified logistics

What does regulatory compliance involve for SMEs in different countries?

• Ignoring trade barriers

• Following simple rules

• Navigating varying legal frameworks and customs procedures

• Avoiding regulations

What does globalization allow SMEs to do in terms of market reach?

• Stay in local markets

• Reach customers in new markets around the world

• Reduce their market size

• Focus only on domestic customers

How do online platforms and digital technologies help SMEs?

• They make communication harder

• They facilitate international trade and expand market reach

• They limit access to global markets

• They increase local competition

What does globalization encourage SMEs to do to compete in the global market?

• Reduce product quality

• Innovate and improve their products and services

• Focus only on local products

• Avoid competition