Entering International Markets (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What strategy involves selling existing products in new countries?
What strategy involves selling existing products in new countries?
Market development
How can car models extend their product life cycle internationally?
How can car models extend their product life cycle internationally?
Selling old UK models to India as modern
What is global sourcing?
What is global sourcing?
Getting materials from cheapest countries
Why do businesses export to growing economies during UK recessions?
Why do businesses export to growing economies during UK recessions?
To maintain revenue when home demand falls
Which demographic would a pharmaceutical company specifically target?
Which demographic would a pharmaceutical company specifically target?
Countries with ageing populations
What are tariffs?
What are tariffs?
Taxes on imports
What happens to UK exports when the pound weakens against the euro?
What happens to UK exports when the pound weakens against the euro?
UK exports become cheaper for Europeans
What is the main benefit of licensing for international market entry?
What is the main benefit of licensing for international market entry?
Low risk using existing infrastructure
What is the main drawback of forming an alliance with a foreign company?
What is the main drawback of forming an alliance with a foreign company?
Business loses some control
Which market entry method carries the highest financial risk?
Which market entry method carries the highest financial risk?
Direct investment