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Higher Business Management

Quiz by Katie

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67 questions
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  • Q1
    A business that has manufacturing or service operations in two or more different countries
    Multinational
    30s
  • Q2
    -closer to main markets
    Why become a multinational?
    30s
  • Q3
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    -lower costs of production
    30s
  • Q4
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    -avoid import restrictions
    30s
  • Q5
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    -access to local natural resources
    30s
  • Q6
    -creates jobs and boosts local community
    Advantages of multinationals to host country?
    30s
  • Q7
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    -improves skills of local workforce
    30s
  • Q8
    -profit doesn't stay in host country
    Disadvantages of multinationals to host country?
    30s
  • Q9
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    -social responsibility overlooked
    30s
  • Q10
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    -exploits the local environment
    30s
  • Q11
    -cultural differences/language barriers
    Disadvantages to multinational organsiation?
    30s
  • Q12
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    -timezone differences
    30s
  • Q13
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    -trading in multiple currencies
    30s
  • Q14
    a business that has bought the right to use a parent company's name and methods, thus becoming one of a number of similar businesses in various locations
    Franchise
    30s
  • Q15
    -low risk form of growth
    Advantages to franchiser?
    30s

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