International Business Management Quiz

What is one reason companies go global?

• To reduce competition

• To access low-cost labor

• To avoid taxes

• To limit market opportunities

What is a characteristic of a joint venture?

• It involves two or more parties sharing risks

• It is a type of non-equity mode

• It requires no legal agreements

• It is always a long-term commitment

Which of the following is an example of a multinational corporation (MNC)?

• A local bakery

• A company with operations in multiple countries

• A non-profit organization

• A government agency

What does 'cultural intelligence' refer to?

• The ability to speak multiple languages

• The knowledge of global business laws

• The skill of negotiating international contracts

• The ability to adapt to new cultures

Which entry mode involves a company selling locally made products in foreign markets?

• Export

• Licensing

• Joint Venture

• Franchising

What is a pro of being a first mover in a global market?

• Less competition

• Higher brand recognition

• Easier market entry

• Lower investment costs

Which of the following is a benefit of regional trading agreements?

• Limited economic growth

• Reduced market access

• Job creation

• Increased tariffs

What is one ethical challenge faced by multinational corporations?

• High employee wages

• Corporate social responsibility

• Child labor and sweatshops

• Environmental sustainability

What is a first Mover-advantages

• benefits that the company enters the market first and late entrants do not enjoy

• First mover advantages are always negative.
• First mover advantages refer to the last entrant in a market.
• First mover advantages are only applicable in technology sectors.

What is late-Mover advantages

• Benefits gained by companies entering a market first
• Advantages of being the only player in a market
• benefits that the company enters the market later and early entrants do not enjoy

• Disadvantages faced by companies that enter a market late