International Business (LC 2027) (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are tariffs?
What are tariffs?
Gov taxes on imported goods
Can Ireland impose tariffs on chocolate from Belgium?
Can Ireland impose tariffs on chocolate from Belgium?
No, Belgium is an EU member
What is a quota in international trade?
What is a quota in international trade?
Physical limit on goods quantity
Why did the US place an embargo on UK beef?
Why did the US place an embargo on UK beef?
High levels of BSE (mad cow disease)
Which is NOT a type of subsidy mentioned?
Which is NOT a type of subsidy mentioned?
Import tariff reductions
What helps offset additional costs of international trade?
What helps offset additional costs of international trade?
Economies of scale from increased sales
What happens if businesses don't comply with international regulations?
What happens if businesses don't comply with international regulations?
Legal issues, fines, potential bans
How do exchange rate fluctuations affect international trade?
How do exchange rate fluctuations affect international trade?
Impact profit margins significantly
What becomes essential when competing internationally?
What becomes essential when competing internationally?
ISO certification
What's vital for overcoming language and cultural barriers?
What's vital for overcoming language and cultural barriers?
Translation services & local partnerships