International Business and Trade Quiz

International Business and Trade Quiz

2nd Grade

14 Qs

quiz-placeholder

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International Business and Trade Quiz

International Business and Trade Quiz

Assessment

Quiz

Others

2nd Grade

Easy

Created by

Ethan Tagulao

Used 2+ times

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14 questions

Show all answers

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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