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Exam 18: Global Opportunities for Small Business

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Question 61

Multiple Choice

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The Federation of International Trade Associations website, which includes an Africa Trade Mini-Portal, is a source of trade:

A) intermediaries.
B) leads.
C) missions.
D) Two of the above are found at the site.

E) B) and D)
F) B) and C)

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Question 62

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A revocable letter of credit is an agreement to honour a draft or other demand for payment when specified conditions are met and can only be changed by the seller.

A) True
B) False

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Question 63

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Match the term with its definition.Some terms may not be used a.Born-global businesses b.Cross-border acquisition c.Exporting d.Globalisation e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -The purchase by a business in one country of a company located in another country.

Match the term with its definition.Some terms may not be used a.Born-global businesses b.Cross-border acquisition c.Exporting d.Globalisation e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -A strategy that involved relocating operations abroad.

Small businesses that are either already, or interested in, exporting or importing can receive information from the SEBA through conferences, seminars, publications and counselling.

Match the term with its definition.Some terms may not be used a.Born-global businesses b.Cross-border acquisition c.Exporting d.Globalisation e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -A wholly owned subsidiary formed from scratch in another country.

According to the 2014 BRICs Markets, which country has the highest GNI per capita?

An economic risk for a global company is the threat of new labelling regulations.

Palesa is the CEO of a small business which is looking to expand globally.She wants to move her business to a European country and feels that is where the product will be most profitable.What are three challenges that Palesa needs to analyse for the area in which she is considering expanding her company?

Match the term with its definition.Some terms may not be used a.Bill of lading b.Born-global businesses c.Counterfeit activity d.Economic risk e.Economies of scale f.Exchange rate g.Letter of credit h.Offshoring i.Political risk j.Royalties -Efficiencies that result from expansion of production.

A fundamental activity for global small business success is:

A company specialising in flavouring compounds opens a plant near the rain forest.This move enables its biologists to derive flavours without destroying the plants and supports company globalisation efforts being related to:

Match the term with its definition.Some terms may not be used a.Born-global businesses b.Cross-border acquisition c.Exporting d.Globalisation e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -An agency that distributes a company's products on a contract basis to customers in another country.

A production capacity question that needs to be answered before a company goes global with operations is "Will international sales hurt domestic sales?"

International dissimilarities in language and culture, business practices and government regulations are increasing over time.

Match the term with its definition.Some terms may not be used a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -The company selling licensing rights.

Increasingly, small businesses find that they must locate their operations abroad if they are to keep their contracts as suppliers to large companies.

Trade leads are accessed most often through contacts.

Match the term with its definition.Some terms may not be used a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -A combination of efforts and/or assets of companies in different countries for the sake of pooling resources and sharing risks.

A business that locates a production facility or sales office overseas by purchasing a foreign business from another business is participating in: