A2 business studies unit 3 international business 3.1 A

HideShow resource information

1. Which of these is not a pull factor for a business to trade internationally

  • economies of scale
  • global sourcing
  • saturated domestic market
  • risk spreading
1 of 8

Other questions in this quiz

2. why would market saturation be a push factor for a business to trade internationally

  • sales of the product are declining
  • because it has become difficult to expand sales further in that particular market
  • There is a lot of competition from similar products
  • government have a limit on how big a company can grow

3. which of these is not a benefit of trading with in a trading bloc

  • risk spreading
  • reaching an agreement with member states can be difficult and time consuming
  • huge new markets accessible
  • grater competition with in a trading bloc can increase efficiency within many firms

4. What is the definition of a tariff

  • taxes on imported goods
  • refers to the process of removing barriers to trade
  • a group of countries where barriers to trade are reduced or eliminated
  • refers to the many phases a product goes through

5. what is the definition of economies scale

  • a reduction in the advrage cost of production brought about by the increase in the size and scale of the business
  • it has become difficult to expand sales further
  • investing in a country other then the one head office is located
  • stands for Brazil Russia and China

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all INTERNATIONAL BUSINESS resources »