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Entering foreign markets

Authored by Paul Collins

Business

10th Grade

Used 1+ times

Entering foreign markets
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reason why a business might enter a foreign market?

To reduce production costs

To increase employee turnover

To reduce product quality

To avoid competition

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for selling goods abroad without physically setting up in the foreign country?

Licensing

Exporting

Franchising

Joint venture

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of exporting?

Reduced transportation costs

Lower risk of non-payment

Language and cultural barriers

Less market expansion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a joint venture?

Buying a foreign competitor

Setting up a business without local partners

Partnership between a domestic and foreign company

Selling only online

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which entry method involves allowing another business to produce and sell your product under your brand?

Licensing

Franchising

Exporting

Merging

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One advantage of franchising in a foreign market is:

Total control over all outlets

High capital investment needed

Rapid expansion with less investment

No need to train franchisees

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tariff?

A tax on domestic goods

A government grant

A tax on imported goods

A type of legal contract

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