Lesson 2.1.3c
2.1.3c How businesses compete internationally Quiz: Pearson Edexcel Business, Unit 6
20 questions
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Lesson 2.1.3c, How businesses compete internationally: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 6: Growing the business, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
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E-commerce means:
- attending a trade fair held in a foreign city
- transferring loans between banks
- selling goods door to door only
- buying and selling goods and services over the internet
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Which is an advantage of e-commerce for an international business?
- It eliminates all currency differences between countries
- A website can reach customers in many countries at low cost
- It removes the need for any delivery at all
- It guarantees that no competitors exist online
-
A business entering a lower-income country most likely adjusts which element of the marketing mix first?
- Price, for example by offering a cheaper version
- The number of board members and their job titles
- The company's founding date and its original name
- The head office address and the local bank it uses
-
Which is a disadvantage of e-commerce for international trade?
- No legal rules apply to online trading
- Customers can never compare prices online
- Delivery and returns can be costly across borders
- A website is unable to take payments
-
What does localising a product mean?
- Making it only in the home country and not abroad at all
- Adapting it to suit a specific country's tastes
- Removing its brand name from the packaging and labels
- Selling it through a single retailer in a single region
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Which is a way of competing internationally using the product element of the marketing mix?
- Lowering the price in every market by the same amount
- Adapting packaging and flavours for each overseas market
- Closing the overseas websites to save costs
- Reducing promotion to zero in all markets
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What is the main purpose of an e-commerce website for a business expanding abroad?
- To close its UK warehouse entirely and outsource all stock
- To avoid any tax reporting obligations in the home country
- To replace all of its customer service staff with a website
- To sell directly to overseas customers online
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A UK shop sells £40,000 online per month, and 25% of those sales are overseas. How much are overseas sales?
- £10,000
- £25,000
- £40,250
- £4,000
-
An online firm's sales rose from £120,000 to £150,000. What is the percentage growth?
- 30%
- 125%
- 20%
- 25%
-
A firm sells a product at £30 in the UK and sets a price 20% lower in another country. What is the price in that market?
- £36
- £20
- £24
- £10
-
A clothing brand launches a different colour range and sizing for Japan. Which element of the marketing mix is being adapted?
- Place
- Promotion
- Price
- Product
-
A business starts selling through a foreign online marketplace instead of distributors. Which element of the mix is changing?
- Price level charged to each individual customer
- Product design and the materials used in its making
- Brand logo and the colour scheme on its packaging
- Place, the distribution channel
-
A firm uses different adverts on Chinese social media from the ones it uses in the UK. Which element is changing?
- Product
- Price
- Place
- Promotion
-
Which factor is most likely to limit a UK e-tailer selling to a new country?
- The fact that it has a website that customers can use
- The colour of its logo on the website and the packaging
- The number of its UK customers who buy from it each year
- Different delivery costs and local consumer law
-
A business keeps the same price abroad as at home despite higher delivery costs. What effect might this have?
- No change in demand whatever the customers' circumstances
- Lower profit margins on those overseas sales
- Automatic removal of the delivery costs
- Higher profit margins with no risk
-
A firm translates its website into several languages. What is the main reason?
- To stop overseas competitors from seeing its prices online
- To remove the need for a currency converter on the site
- To avoid the need for customer service in each market
- To reach customers who prefer their own language
-
A firm sells online only in countries where parcels can be delivered within three days. Which element of the mix is shaping this choice?
- Product
- Promotion
- Place
- Price
-
Which strategy most helps a small firm compete internationally against large multinationals?
- Using e-commerce to serve a niche with local adaptation
- Stopping all online activity in order to save on costs
- Raising prices above all competitors' prices in every market
- Copying the large firm's entire product range exactly as it is
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A firm's online price is £50 abroad, but currency costs and tariffs add 15%. What is the landed price?
- £7.50
- £57.50
- £65
- £50
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Why might an e-commerce firm offer local-currency checkout in each market?
- It stops competitors from seeing the prices it charges
- It removes all exchange-rate risk for the firm entirely
- It makes prices clearer for overseas buyers
- It avoids the need to comply with local tax rules abroad
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