Choosing Markets for International Business
6 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which market characteristic is important for international businesses to consider in terms of market size and growth potential?

  • Climate
  • Population density (correct)
  • Technological advancement
  • Income level

    • Which of the following is NOT a factor to consider when choosing markets for international business?

  • Cultural and language barriers
  • Availability of natural resources (correct)
  • Market size and growth potential
  • Political stability and legal framework

    • Which of the following is an example of a cultural and language barrier that international businesses may face?

  • Different currency
  • Different dietary preferences (correct)
  • Different legal system
  • Different time zones

    • Which of the following is NOT a factor to consider when choosing markets for international business?

    <p>Market location</p> Signup and view all the answers

    Which type of market offers the highest potential for growth in international business?

    <p>Emerging markets</p> Signup and view all the answers

    What is the main advantage of entering a joint venture when expanding into international markets?

    <p>Access to local resources</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser