Unit 3 International Business Growth: WACE Business Management and Enterprise ATAR practice quiz
12 questions. Pick an answer and you'll see why right away. Options are shuffled each attempt, and the review at the end links each missed question to the dot point to revise.
Which reason for expanding overseas is based on lowering the average cost of each unit produced?
What is the main way a free trade agreement such as ChAFTA helps Australian exporters?
An Australian exporter will be paid in US dollars in 90 days. If the Australian dollar appreciates before payment, what happens to its revenue in Australian dollars?
An exporter agrees today on the exchange rate at which it will convert a payment due in three months. Which hedging method is this?
Which method mainly protects an exporter against the risk that an overseas buyer will not pay?
A fast-food chain changes its menu in each country to suit local tastes and religious practices. Which global marketing approach is this?
Two companies from different countries create a new, jointly owned business to enter a market together. What type of alliance is this?
A business lets an overseas firm use its patented process in return for royalties, without providing a full business system. What is this arrangement?
In Lewin's change model, what happens in the unfreeze stage?
Using force field analysis, which of these is a restraining force when introducing new software at an overseas branch?
What is the first step in Kotter's eight-step model for leading change?
An Australian manager working in a country where respect for seniority is strong expects junior staff to challenge her ideas openly in meetings, but they stay silent. Which cultural consideration best explains this?