Untitled Quiz

Tim owns a farm in the countryside. Which sector of industry is Tim's business in?

• Secondary

• Tertiary

• Primary

• Quaternary

Businesses that are involved in providing a service to customers are in the _____________ sector. (Type first letter capital)

Sara was thinking of a suitable location for her new ice cream shop. What would be most important for Sara to consider first out of these options?

• Shop should be close to competitors, that way there is a higher chance of attracting the right customers.

• Shop should be close to her house so it is easy for her to check on.

• The availability of space for the shop, and the amount of money needed to buy/rent the space

• How close the shop is to the ice cream suppliers

Sara's ice cream business has grown over the years. It has become so popular locally that she decided to start selling them online, to customers in other countries. What is this an effect of?

• Tourism

• Globalisation

• Amortisation

• Trade Deficit

Can Sara's ice cream business be considered a multinational? Why or why not? (2)

What is a threat of globalization to Sara's business?

• Other ice cream shops supporting her

• Potential to aim at a huge no. of customers.

• Possibility of overrunning competitors from other countries

• Other ice cream shops that provide better quality ice creams online

What is Globalization and how did it benefit Sara's business

• Because of Globalisation, Sara was able to sell to other countries, and sell to a larger number of customers.

• Because of Globalisation, Sara faced tough competition from other ice cream shops abroad

• Because of Globalisation, Sara's business became a multinational

• Because of Globalisation, Sara faced lower demand from customers in one country due to political problems

What is a major reason why Sara's business was able to benefit from Globalisation?

• More countries are being deregulated, with less governmental restrictions to provide a more open environment for trade.

• An increase in the number of people traveling abroad, tourism.

• Developments in technology, including the invention of internet and e-commerce.

• High competition from local businesses

Samsung is a South Korean Multinational. It has operations in China, Europe, Japan, Singapore and Brazil.

Which option below is true?

• Samsung's host country is Korea and it has operations in China, Europe, etc.

• All Samsung products are made in South Korea

• Samsung' s home country is South Korea and its host countries are Singapore, China, brazil., etc.

• Samsung does not have any operations in Korea