International Business Basics Quiz
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Questions and Answers

What is the primary need for the emergence of international business?

  • To promote local businesses exclusively
  • To facilitate global trade and economic growth (correct)
  • To eliminate all forms of competition
  • To restrict access to international markets
  • Which of the following is NOT a common feature of international business?

  • Global market reach
  • Exchange rate fluctuations
  • Cultural diversity
  • Limited geographical scope (correct)
  • What is the main concept of trade barriers?

  • To restrict imports or exports for various reasons (correct)
  • To encourage international collaboration
  • To simplify the trading process
  • To facilitate free trade
  • Which of the following is a type of tariff barrier?

    <p>Import duties (D)</p> Signup and view all the answers

    What factor does NOT typically affect international trade?

    <p>The color of products (B)</p> Signup and view all the answers

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