Business English >> Advanced Vocabulary >> Global Trade Multiple Choice
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Advanced Vocabulary
Global Trade Multiple Choice
1. ______ occurs when companies move production or services to countries where labour costs are lower.
a) Outsourcing
b) Innovation
c) Cultural exchange
2. ______ refers to the taxes placed on imported goods.
a) Free trade
b) Cultural exchange
c) Tariffs
3. ______ allows businesses to access a wider range of customers and resources.
a) Globalisation
b) Localisation
c) Outsourcing
4. Businesses are affected by ______, which are agreements between countries to allow easier trade.
a) Tariffs
b) Trade agreements
c) Cultural exchange
5. ______ is the movement of goods and services without barriers like tariffs or quotas.
a) Outsourcing
b) Globalisation
c) Free trade
6. An international ______ allows businesses to deliver products across borders.
a) Market
b) Supply chain
c) Tariff
7. One positive outcome of globalisation is increased ______ between countries.
a) Cultural exchange
b) Localisation
c) Outsourcing
8. Companies often rely on ______ to manage global operations more efficiently.
a) Innovation
b) Outsourcing
c) Trade agreements
