International Business Quiz
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Preview questions
1. What is the primary objective of international business?
Increase domestic sales · Expand market reach · Reduce production costs · Enhance local competition
2. Which of the following is a form of international business?
Franchising · E-commerce · Direct investment · All of the above
3. What does the term 'globalization' refer to?
Isolation of economies · Integration of markets · Reduction of trade barriers · Both B and C
4. Which organization is primarily responsible for regulating international trade?
World Trade Organization · International Monetary Fund · World Bank · United Nations
5. What is an export?
Goods sent out of a country · Goods brought into a country · Services provided domestically · None of the above
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