
Exploring Global Business Challenges
Quiz
•
Business
•
University
•
Practice Problem
•
Easy
Venkatesh Thulasidoss
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a primary benefit for a business expanding globally?
Increased local competition
Access to new markets and customers
Higher domestic taxes
Reduced product quality
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common challenge faced by businesses entering international markets?
Familiarity with local laws
Language barriers
Reduced transportation costs
Lower demand for products
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a global supply chain?
A supply chain limited to one country
A network of suppliers and manufacturers across multiple countries
A chain of local shops
A single warehouse system
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
International trade regulations are important because they:
Only affect domestic businesses
Set rules for trading goods and services between countries
Increase the cost of local products
Eliminate the need for customs checks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a benefit of global business expansion?
Diversification of revenue streams
Increased exposure to currency fluctuations
Access to new talent pools
Opportunities for growth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A British company exporting goods to France must comply with:
Only British regulations
Both British and French regulations
Only French regulations
No regulations
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a trade barrier?
Free trade agreement
Import tariff
Open border policy
Currency exchange
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