MCQ on business, import export
Quiz by Shirley Jeralina
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25 questions
Show answers
- Q1What is the term for the price at which a seller is willing to sell a product or service, and a buyer is willing to pay for it?Cost priceWholesale priceRetail priceMarket price30s
- Q2What is the term for the marketing strategy that aims to attract customers by offering them something of value for free?UpsellingProduct bundlingFreemiumLoyalty program30s
- Q3What is the term for a document that outlines the objectives, strategies, and tactics to be implemented in order to achieve specific business goals?Financial statementMarketing planSales forecastBusiness plan30s
- Q4What is the term for a business arrangement in which two or more parties work together to achieve a common goal?Sole proprietorshipCorporationLimited liability companyPartnership30s
- Q5Which of the following is an advantage of international trade?Decreased employment opportunitiesLower living standardsReduced variety of goods and servicesIncreased economic growth30s
- Q6Which of the following is a trade barrier that restricts imports?Free trade agreementSubsidyEmbargoTariffForeign direct investment30s
- Q7What is the term used to describe the value of all goods and services produced within a country's borders in a specific period?Gross Domestic Product (GDP)Balance of TradeForeign Direct Investment (FDI)Inflation RateConsumer Price Index (CPI)30s
- Q8What is the term used to describe the difference between a country's total exports and total imports?Balance of TradeCurrent AccountInflation RateGross Domestic Product (GDP)Foreign Direct Investment (FDI)30s
- Q9Which of the following is an example of a non-tariff trade barrier?Trade deficitDumpingExchange rateQuotaEmbargo30s
- Q10What is the term used to describe the difference between a country's total exports and total imports of goods and services, including income from abroad and unilateral transfers?Trade surplusCurrent BalanceBalance of TradeIncome StatementCurrent Account30s
- Q11What is the term used to describe an agreement between two or more countries to reduce or eliminate trade barriers?Current AccountDumpingFree trade agreementBalance of TradeEmbargo30s
- Q12Which of the following is an example of an export promotion strategy?Trade deficitEmbargo on exportsDumpingGovernment subsidies for exportersImport quotas30s
- Q13What is the term used to describe the practice of selling goods in a foreign market at a price lower than the production cost in order to gain market share?DumpingTrade deficitEmbargoExchange rateQuota30s
- Q14What is the term for the process of analyzing an organization's strengths, weaknesses, opportunities, and threats?Market segmentation analysisSWOT analysisProfit and loss analysisBreak-even analysis30s
- Q15What is the term for the financial statement that shows a company's revenues, expenses, and profits over a specific period of time?Balance sheetIncome statementStatement of retained earningsCash flow statement30s