Lesson 3.9.3

3.9.3 Assessing globalisation and internationalisation Quiz: AQA Business, Unit 9

20 questions

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Lesson 3.9.3, Assessing globalisation and internationalisation: 20 multiple choice questions for the AQA Business (7132), Unit 9: Strategic methods: how to pursue strategies, written with Revision Ninja.

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The 20 questions

  1. What term describes the growing integration and interdependence of national economies worldwide?

    • Nationalisation
    • Protectionism
    • Globalisation
    • Localisation
  2. Which term describes rapidly growing developing countries becoming increasingly significant in world trade?

    • Saturated markets
    • Emerging economies
    • Closed economies
    • Developed economies
  3. Which factor has contributed most to the growth of global trade between nations?

    • Higher import tariffs
    • Strict trade quotas
    • Increased protectionism
    • Reduced trade barriers
  4. Which method of entering an international market involves selling goods made at home to customers abroad?

    • Licensing
    • Exporting
    • Strategic alliance
    • Direct investment
  5. Which method involves allowing a foreign firm to use a business's intellectual property in return for royalties?

    • Direct investment
    • Licensing
    • Exporting
    • Off-shoring
  6. What is a joint agreement where firms share resources for mutual growth without merging?

    • Direct investment
    • Franchising
    • Strategic alliance
    • Licensing
  7. Which market entry method involves establishing fully owned foreign production or retail facilities?

    • Direct investment
    • Exporting
    • Licensing
    • Joint venture
  8. What term describes relocating business functions or production processes to a foreign country?

    • Exporting
    • Off-shoring
    • Re-shoring
    • Outsourcing
  9. What term describes returning business production operations back to the domestic country?

    • Franchising
    • Re-shoring
    • Licensing
    • Off-shoring
  10. What is a business that owns or controls production facilities in multiple countries called?

    • Single-market firm
    • Multinational corporation
    • Export business
    • Domestic producer
  11. A UK firm exports 10,000 units at 20 US dollars each, and 1 pound equals 1.25 dollars. What is the revenue in pounds?

    • 160,000 pounds
    • 125,000 pounds
    • 250,000 pounds
    • 200,000 pounds
  12. A firm can produce a product using labour costing 15 pounds an hour at home or 5 pounds an hour abroad. It uses 10,000 labour hours. What is the saving from off-shoring?

    • 100,000 pounds
    • 150,000 pounds
    • 10,000 pounds
    • 50,000 pounds
  13. Which key indicator best measures the potential commercial attractiveness of an overseas market?

    • Political instability
    • High import tariffs
    • Strict trade quotas
    • High market growth
  14. Compared to direct investment, what is a primary advantage of international licensing?

    • Higher profit margins
    • Zero legal oversight
    • Lower financial risk
    • Complete operational control
  15. Which financial variable directly affects the relative cost of exporting goods abroad?

    • Interest rate
    • Inflation rate
    • Corporate tax rate
    • Exchange rate
  16. What drives a multinational business to adapt its products to specific foreign markets?

    • Local responsiveness
    • Global standardisation
    • Cost reduction
    • Economies of scale
  17. Which strategy best helps a multinational business achieve significant economies of scale?

    • Product standardisation
    • Market segmentation
    • Niche marketing
    • Local adaptation
  18. What is the main drawback of adapting products to every local foreign market?

    • Decreased customer choice
    • Higher production costs
    • Reduced brand equity
    • Lower tariff rates
  19. What key benefit do emerging economies offer to expanding businesses?

    • Rapid demand growth
    • Strict trade barriers
    • High tax rates
    • Declining populations
  20. What is a primary operational benefit of re-shoring manufacturing processes?

    • Shorter lead times
    • Tax exemptions
    • Lower unit labour
    • Cheaper raw materials

All AQA Business quizzes