International Business and Trade Quiz

What is the primary motivation behind international trade?

• Political influence

• Cultural exchange

• Environmental sustainability

• Desire for profit

Which type of trade involves two or more countries?

• Wholesale Trade

• Retail Trade

• International Trade

• Domestic Trade

What is the process of importing goods and then re-exporting them without processing called?

• Retail Trade

• Entrepot Trade

• Export Trade

• Wholesale Trade

What does globalization facilitate in relation to international business?

• Isolation of economies

• Increased tariffs

• Limited market access

• Easy availability of goods

Which of the following is NOT a reason for international trade?

• Increased efficiency

• Reduced dependence on local market

• Increased chances of success

• Higher import tariffs

What is the term for selling goods and services to a foreign country?

• Franchising

• Licensing

• Exporting

• Importing

In contract manufacturing, which party is responsible for promoting the goods?

• The licensee

• The licensor

• The manufacturer

• The franchisor

What is the main benefit of licensing in international business?

• Full control over production

• Joint ownership of a business

• High initial investment

• Use of brand and technology

Which mode of international business involves a contractual agreement for the use of trademarks?

• Joint Ventures

• Franchising

• Contract Manufacturing

• Wholly Owned Subsidiary

What is a joint venture?

• A type of licensing agreement

• A partnership for mutual benefit

• A method of exporting goods

• A form of retail trade