Business and Global Trade U4 L2

What is the main goal of advertising?

• a) To confuse customers

• b) To make products more expensive

• c) To promote a product and attract customers

• d) To stop people from buying products

What is marketing?

• a) The activity of promoting products or services

• b) The process of buying goods

• c) A way to store goods in a shop

• d) A type of business competition

Why do businesses want to sell in a global market?

• a) To sell more products

• b) To keep their products a secret

• c) To avoid competition

• d) To increase their costs

What happens when many businesses sell the same product?

• a) Prices usually increase

• b) Prices usually decrease

• c) The product disappears

• d) Only one company is allowed to sell it

Which of the following is an example of outsourcing?

• a) A company hires workers from another country

• b) A company only hires local workers

• c) A business closes permanently

• d) A store opens in a new country

What is market research?

• a) Studying what customers want

• b) Making products without knowing if people will buy them

• c) Selling only to one country

• d) Increasing product prices

Why do some businesses struggle to compete in a global market?

• a) They have higher costs than big companies

• b) They sell too many products

• c) They produce more than they can sell

• d) They have too many employees

What happens when a small business closes?

• a) More jobs are created

• b) People lose jobs

• c) The economy grows

• d) More customers come back

What was a major effect of the COVID-19 pandemic on businesses?

• a) More businesses opened

• b) Many businesses closed

• c) Everything stayed the same

• d) People spent more money on entertainment

Why do large companies sell their products at lower prices?

• a) They produce goods in big quantities

• b) They make everything by hand

• c) They sell only one type of product

• d) They hire fewer employees