GOING GLOBAL. SELF EVALUATION

What is the main goal of international trade?

• • a) To increase tariffs

• • b) To exchange goods and services across borders

• • c) To control domestic production

• • d) To promote imports only

Which of the following products has the highest export potential?

• • a) Domestic toys

• • b) Electronics and technology products

• • c) Local fashion brands

• • d) Unprocessed agricultural products

Which of these is a key benefit of free trade agreements (FTAs)?

• • a) Increases import taxes

• • b) Reduces trade barriers and tariffs

• • c) Restricts foreign market entry

• • d) Protects domestic industries from competition

Mexico's most important Trade Agreement

What is a key factor when considering international expansion into foreign markets?

• • a) The size of the domestic market

• • b) Language barriers

• • c) The economic stability and growth of the target market

• • d) The weather conditions

International Commercial Terms or also called _________ are delivery term definitions to make international trade easier.

Which mode of transportation is most suitable for art & luxury items export?

When entering a new market, which strategy is most effective?

• • a) Ignoring local market conditions

• • b) Developing a distribution network tailored to local preferences

• • c) Relying only on exports from the domestic country

• • d) Competing on price alone

What is the main focus of an international strategy for businesses?

• • a) To focus only on domestic growth

• • b) To enter as many foreign markets as possible without preparation

• • c) To align business objectives with global market trends and local demands

• • d) To sell products at the lowest possible price

Name a service or product that could have a granted success in international business during 2025.