Competing internationally (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
ShowHide
Practise the questions
12 questions from this quiz
What must companies do when competing internationally?
What must companies do when competing internationally?
Adapt offerings to foreign customers
What major cost does e-commerce avoid for international expansion?
What major cost does e-commerce avoid for international expansion?
Physical infrastructure abroad
Do trade barriers still affect businesses selling internationally via e-commerce?
Do trade barriers still affect businesses selling internationally via e-commerce?
Yes, tariffs & regulations still apply
What does glocalisation mean?
What does glocalisation mean?
Adapting global products to local needs
Why did McDonald's create the Maharaja Mac in India?
Why did McDonald's create the Maharaja Mac in India?
Beef is illegal/culturally unsuitable
What product feature often needs adapting for different countries?
What product feature often needs adapting for different countries?
Technical specifications
How do tariffs affect international pricing?
How do tariffs affect international pricing?
They increase costs
What role do currency exchange rates play in international pricing?
What role do currency exchange rates play in international pricing?
They affect costs & purchasing power
What must place strategies align with internationally?
What must place strategies align with internationally?
Local shopping preferences & habits
Why must promotional materials be localised?
Why must promotional materials be localised?
Colours & phrases have different meanings
What does adapting products to local legal requirements help build?
What does adapting products to local legal requirements help build?
Trust with regulators & customers
How does product adaptation help with local competition?
How does product adaptation help with local competition?
It helps compete effectively with locals