Globalization and its Impact on Businesses and International Trade

Globalization and its Impact on Businesses and International Trade

Assessment

Interactive Video

Business, Social Studies

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video explores globalization, its impact on businesses, and international trade. It discusses how companies like Pepsi, Subway, and eBay operate globally, highlighting the role of reduced trade barriers and technological advancements. The video explains exports and imports, trade patterns, and the opportunities and challenges globalization presents. It also covers trade barriers, trade blocs, and the need to adapt the marketing mix for different markets.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of globalization that allows companies like Pepsi to thrive?

Operating in a single domestic market

Avoiding international trade

Reaching customers on a global scale

Focusing solely on high-margin products

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor has contributed to the ease of global trade?

Decreased mobility of resources

Technological advancements

Rising transportation costs

Increased tariffs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of exports for businesses?

To limit international reach

To reduce market share

To increase domestic competition

To expand their target market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do countries specialize in producing certain goods?

To compete with domestic firms

To avoid international trade

To produce at a lower cost than others

To increase production costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do tariffs protect domestic industries?

By making imports more expensive

By eliminating domestic competition

By encouraging foreign imports

By lowering the price of imports

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a trade bloc?

A group of countries trading freely

A single country trading alone

An agreement to increase tariffs

A restriction on international trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of opening production facilities in foreign countries?

Higher labor costs

Increased production expenses

Lower cost conditions

Limited market access

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