A2 business studies unit 3 international business 3.1 A

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

  • global sourcing
  • saturated domestic market
  • economies of scale
  • risk spreading
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2. 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

3. what is the definition Trade liberalisation

  • a group of countries where barriers to trade are reduced or eliminated
  • refers to the process of removing barriers to trade
  • taxes on imported goods
  • locating production to a foreign country

4. what is the definition of offshoring

  • a government policy aimed at protecting domestic industry
  • locating production to a foreign country
  • to extend the life of a product
  • physical limits on the level of specific imports in one year

5. What is the definition of a tariff

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

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