Exploring Global Business Challenges

Which of the following is a primary benefit for a business expanding globally?

• Increased local competition

• Access to new markets and customers

• Higher domestic taxes

• Reduced product quality

What is a common challenge faced by businesses entering international markets?

• Familiarity with local laws

• Language barriers

• Reduced transportation costs

• Lower demand for products

Which of the following best describes a global supply chain?

• A supply chain limited to one country

• A network of suppliers and manufacturers across multiple countries

• A chain of local shops

• A single warehouse system

International trade regulations are important because they:

• Only affect domestic businesses

• Set rules for trading goods and services between countries

• Increase the cost of local products

• Eliminate the need for customs checks

Which of the following is NOT a benefit of global business expansion?

• Diversification of revenue streams

• Increased exposure to currency fluctuations

• Access to new talent pools

• Opportunities for growth

A British company exporting goods to France must comply with:

• Only British regulations

• Both British and French regulations

• Only French regulations

• No regulations

Which of the following is an example of a trade barrier?

• Free trade agreement

• Import tariff

• Open border policy

• Currency exchange

Why might a company choose to manufacture products in another country?

• To increase shipping distances

• To reduce production costs

• To avoid international markets

• To limit product variety

Which of the following is a risk associated with global supply chains?

• Increased local employment

• Disruption due to political instability

• Reduced access to technology

• Lower product demand

What is the main purpose of the World Trade Organisation (WTO)?

• To promote local businesses only

• To regulate and facilitate international trade

• To set national tax rates

• To manage global supply chains