International Trade and Business Growth (Edexcel 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 is the most common route for businesses entering international markets?
What is the most common route for businesses entering international markets?
Exporting
Which of these is an example of invisible exports?
Which of these is an example of invisible exports?
Financial services
Which is a non-tariff barrier (NTB) used to limit imports?
Which is a non-tariff barrier (NTB) used to limit imports?
Subsidies to domestic firms
According to Adam Smith's division of labour, what are the three key benefits of specialisation?
According to Adam Smith's division of labour, what are the three key benefits of specialisation?
Speed, skill, time savings
What is the key principle of comparative advantage theory?
What is the key principle of comparative advantage theory?
Both gain by specialising relatively best
What equity stake defines foreign direct investment (FDI)?
What equity stake defines foreign direct investment (FDI)?
More than 10%
What distinguishes horizontal FDI from vertical FDI?
What distinguishes horizontal FDI from vertical FDI?
Horizontal seeks markets; vertical cuts costs
What percentage of cross-border FDI involves mergers and acquisitions?
What percentage of cross-border FDI involves mergers and acquisitions?
Over 90%
Which risk involves currency value movements affecting profit margins?
Which risk involves currency value movements affecting profit margins?
Exchange rate risk
What are Porter's three forms of competitive advantage for international firms?
What are Porter's three forms of competitive advantage for international firms?
Resource, location, organisation