Global Business Quiz WEEK 7 JAN24B

Global Business Quiz WEEK 7 JAN24B

3rd Grade

65 Qs

quiz-placeholder

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Global Business Quiz WEEK 7 JAN24B

Global Business Quiz WEEK 7 JAN24B

Assessment

Quiz

Other

3rd Grade

Medium

Created by

Abiodun Otedola

Used 1+ times

FREE Resource

65 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does global business involve?

Conducting business activities within a single country

Conducting business activities across national borders

Conducting business activities only online

Conducting business activities only in local markets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some aspects of global business?

Trade, investment, and operations

Cooking, cleaning, and gardening

Painting, drawing, and sculpting

Singing, dancing, and acting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What motivates companies to engage in global business ventures?

Market expansion, cost optimization, and accessing new resources

Making friends, having fun, and exploring hobbies

Building houses, planting trees, and cleaning parks

Writing books, composing music, and creating art

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one benefit of expanding into new markets?

Increased competition

Market Growth

Higher taxes

Less customer interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can global expansion help with costs?

By increasing labor costs

By accessing lower labor costs

By reducing product quality

By increasing material prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does global expansion allow companies to access?

Fewer resources

Diverse resources

Limited technology

Less skilled labor

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is important to understand for effective communication in international markets?

Currency fluctuations

Cultural nuances and language barriers

Political instability

Trade agreements

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