BUSINESS - JC2

BUSINESS - JC2

12th Grade

24 Qs

quiz-placeholder

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BUSINESS - JC2

BUSINESS - JC2

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

veriyana johan

Used 1+ times

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24 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Define protectionism.

No restrictions or trade barriers exist that might prevent or limit trade between countries.

Limits on the physical quantity of a certain product or service.

Using barriers to free trade to protect a country's own domestic industries.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Why become a multinational company?

Access to local natural resources

Avoid import restrictions

Closer to main markets

Lower costs of production

All of the above

3.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

_______________ is the increasing freedom of movement of goods, capital, and people around the world.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

1. Employment

2. Local firms will be forced to improve their products and services quality

3. Management expertise in the community will slowly improve

4. Tax revenues to the government will increase


The followings are:

Benefits of free trades to MNCs

Benefits of imposing tariffs

Benefits of MNCs to host countries

Benefits of privatization

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A book printing company merges with a famous book store in town.

Horizontal integration

Vertical integration

Forward vertical integration

Backward vertical integration

Conglomerate integration

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The ability to spread advertising and marketing budget over an increasing output.

Marketing economies of scale

Marketing research

Economies of scale

Marketing budgeting

7.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

Media Image

Substitute goods

Luxury goods

Complementary goods

Food!

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