
Entering foreign markets
Authored by Paul Collins
Business
10th Grade
Used 1+ times

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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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