International Business Quiz

What is a business called that sells goods to foreign countries?

• Exporting business

• Importing business

• Multinational enterprise

• Associated business

Which type of business activity involves bringing goods into a country?

• Exporting business

• Importing business

• Multinational enterprise

• Associated business

What is a company called that operates in multiple countries?

• Exporting business

• Importing business

• Multinational enterprise

• Associated business

Which of the following is an example of an associated business?

• Exporting business

• Importing business

• Multinational enterprise

• Logistics

What is one reason for conducting business internationally?

• Limited market share

• Growth

• Technological backwardness

• Higher costs

What is a benefit of entering new markets?

• Brand exploitation

• Increased expenses

• Lower revenue

• Decreased market share

Why might a business seek to achieve economies of scale?

• Increase costs

• Reduce efficiency

• Lower per-unit cost

• Decrease revenue

Which market type is characterised by high-income levels and advanced infrastructure?

• Developed economies

• Emerging markets

• Less developed economies

Which factor might influence the choice of a market to operate in?

• Type of product

• Local cuisine

• Climate

• Language barriers

What does 'comparative advantage' mean in international business?

• Having the worst technology

• Producing goods at a higher cost

• Producing goods more efficiently than other countries

• Limited market reach