
International Business and Trade Quiz
Quiz
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Others
•
2nd Grade
•
Easy
Ethan Tagulao
Used 2+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary motivation behind international trade?
Political influence
Cultural exchange
Environmental sustainability
Desire for profit
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which type of trade involves two or more countries?
Wholesale Trade
Retail Trade
International Trade
Domestic Trade
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the process of importing goods and then re-exporting them without processing called?
Retail Trade
Entrepot Trade
Export Trade
Wholesale Trade
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does globalization facilitate in relation to international business?
Isolation of economies
Increased tariffs
Limited market access
Easy availability of goods
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a reason for international trade?
Increased efficiency
Reduced dependence on local market
Increased chances of success
Higher import tariffs
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term for selling goods and services to a foreign country?
Franchising
Licensing
Exporting
Importing
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In contract manufacturing, which party is responsible for promoting the goods?
The licensee
The licensor
The manufacturer
The franchisor
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