International Business Quiz

Which of the following best defines international business?

• Business conducted within a single country

• Trade and investment activities across national borders

• Government regulations on imports

• Marketing only in the local market

Domestic business involves transactions that cross national borders.

• True

• False

State two key characteristics of international business.

A business that exports its products to multiple countries is engaging in:

• Domestic business

• International business

• Government procurement

• Local trade

Licensing a foreign company to use your brand name is an example of international business.

• True

• False

All of the following are examples of international business except:

• Importing raw materials

• Exporting finished goods

• Selling only in a local town

• Franchising abroad

Define ‘domestic business’ in your own words.

Which of the following is NOT an international business activity?

• Licensing

• Importing

• Exporting

• Local retailing

International business includes both trade and foreign investments.

• True

• False