Foreign Marketing (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is foreign marketing?
What is foreign marketing?
Selling products to customers in other countries
What type of trade agreement exists between South Africa and the UK?
What type of trade agreement exists between South Africa and the UK?
Bilateral agreement
What is the main purpose of tariffs on imported goods?
What is the main purpose of tariffs on imported goods?
Protect local industries from foreign rivals
What support can export subsidies provide to SA businesses?
What support can export subsidies provide to SA businesses?
Reduced transport costs for exported goods
Why must production processes adapt for global markets?
Why must production processes adapt for global markets?
To meet varying international quality standards
What characterises direct exporting as a market entry strategy?
What characterises direct exporting as a market entry strategy?
Often the first step into foreign markets
What does licencing allow a foreign company to do?
What does licencing allow a foreign company to do?
Use product design or brand for payments
What defines a joint venture between two companies?
What defines a joint venture between two companies?
Creating a new independent company together
How does piggybacking reduce risk for SA businesses?
How does piggybacking reduce risk for SA businesses?
They sell domestically to larger companies
What makes greenfield investments the highest commitment level?
What makes greenfield investments the highest commitment level?
Most investment required with highest risk