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Test: International Business Environment - Grade 12 MCQ


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10 Questions MCQ Test - Test: International Business Environment

Test: International Business Environment for Grade 12 2025 is part of Grade 12 preparation. The Test: International Business Environment questions and answers have been prepared according to the Grade 12 exam syllabus.The Test: International Business Environment MCQs are made for Grade 12 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: International Business Environment below.
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Test: International Business Environment - Question 1

What is the primary incumbent in an international business environment?

Detailed Solution for Test: International Business Environment - Question 1
Multinational Enterprises (MNEs) are the primary incumbents in the international business environment. These are companies that pursue global production and sales.
Test: International Business Environment - Question 2

What external factor can significantly impact the success of international expansion related to cultural preferences?

Detailed Solution for Test: International Business Environment - Question 2
Socio-cultural factors, such as cultural preferences, can significantly impact the success of international expansion, particularly for businesses dealing with products like food.
Test: International Business Environment - Question 3

Which strategic area for global expansion involves entering a market with relatively scarce competition and high demand?

Detailed Solution for Test: International Business Environment - Question 3
Global Concentration involves entering a market with relatively scarce competition and high demand. It is one of the strategic areas for global expansion.
Test: International Business Environment - Question 4
What is the primary reason for the slow growth of exports in India mentioned in the text?
Detailed Solution for Test: International Business Environment - Question 4
The primary reason for the slow growth of exports in India mentioned in the text is the unfavorable terms of trade for primary (agro-based) goods.
Test: International Business Environment - Question 5
What is the term for the concept that a country can produce certain goods or services more efficiently than other countries?
Detailed Solution for Test: International Business Environment - Question 5
The term for the concept that a country can produce certain goods or services more efficiently than other countries is "Comparative advantage."
Test: International Business Environment - Question 6
Which factor plays a crucial role in fostering cooperation rather than conflict in global trade?
Detailed Solution for Test: International Business Environment - Question 6
Mutual dependence through trade plays a crucial role in fostering cooperation rather than conflict in global trade, as countries become interdependent.
Test: International Business Environment - Question 7
What major trend has significantly impacted global trade due to the growth of countries like India and China?
Detailed Solution for Test: International Business Environment - Question 7
The growth of emerging markets, such as India and China, has significantly impacted global trade, creating new opportunities and markets.
Test: International Business Environment - Question 8
What does the term "technology transfer" refer to in the context of international trade?
Detailed Solution for Test: International Business Environment - Question 8
In the context of international trade, "technology transfer" refers to the exchange of technology between countries.
Test: International Business Environment - Question 9
What is the trade deficit, as mentioned in the text?
Detailed Solution for Test: International Business Environment - Question 9
The trade deficit, as mentioned in the text, is when a country's imports exceed its exports, leading to a negative balance of trade.
Test: International Business Environment - Question 10
Which factor has contributed to the rise of global trade according to the text?
Detailed Solution for Test: International Business Environment - Question 10
According to the text, advancements in technology and communication have contributed to the rise of global trade by facilitating international business transactions.
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