what is importing?, A) Selling goods to another country, B) Buying goods from another country, C) Producing goods locally, D) Exchanging good, Which export method is better for a company with limited resources?, A) Direct exporting, B) Indirect exporting, C) Joint venture, D) Licensing, Which of the following is NOT a reason for importing?, A) Specialization, B) Local availability, C) Diversification, D) Global rivalry, What does specialization of labor mean?, A) Producing everything locally, B) Producing goods randomly, C) Focusing on producing certain goods efficiently, D) Buying from one supplier, Why do firms use input optimization?, A) To increase risk, B) To reduce costs and improve quality, C) To avoid international trade, D) To limit production, Which type of importer looks for profitable market opportunities?, A) Input optimizer, B) Arbitrageur, C) Opportunistic importer, D) Exporter, Who buys products at a low price and sells at a higher price?, A) Input optimizer, B) Opportunistic importer, C) Arbitrageur, D) Distributor, Which of the following is a challenge in exporting?, A) Easy regulations, B) No risk, C) Financial risk, D) No documentation, What is an export plan?, A) A random decision, B) A marketing poster, C) A strategic roadmap for entering foreign markets, D) A financial report, What is countertrade?, A) Buying with cash, B) Selling only locally, C) Exchanging goods/services instead of money, D) Increasing prices

Quiz

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?