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BBA International Business Business Economics — practice questions

Explore 30 free Business Economics questions in BBA International Business Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Business Economics questions and exercises with answers

Showing questions 1–30 of 30.

Business transactions taking place within the boundaries of one nation are called:Read the answer and worked solution →Manufacturing and trade beyond the boundaries of one's own country is:Read the answer and worked solution →Besides goods and services, international business also moves capital, personnel, technology and:Read the answer and worked solution →International business is broader than international trade because it also covers:Read the answer and worked solution →The fundamental reason for international business is that countries cannot produce equally well or cheaply:Read the answer and worked solution →The result of countries producing what they are best suited for is called:Read the answer and worked solution →Which Indian state is cited as specialising in jute products?Read the answer and worked solution →Labour-abundant developing countries typically export garments and import:Read the answer and worked solution →In international business, buyers and sellers differ in language, attitudes and customs because they differ in:Read the answer and worked solution →Labour and capital move less freely between countries than within one country. This difference concerns:Read the answer and worked solution →Differences in tastes, beliefs and buying habits across countries create:Read the answer and worked solution →People in China are said to prefer bicycles, while the Japanese like to ride:Read the answer and worked solution →Indians drive right-hand driven cars while Americans have the steering on the:Read the answer and worked solution →Political factors such as government type, party system and political risk have a profound impact on:Read the answer and worked solution →In 1991 India approached which body for funds during its balance of payment crisis?Read the answer and worked solution →The IMF agreed to lend to India on condition that India would undergo:Read the answer and worked solution →Which organisation, along with government reforms, increased business relations among nations?Read the answer and worked solution →Because national economies are becoming borderless, the world is described as a:Read the answer and worked solution →Consumers in most developing African and Asian countries are described as:Read the answer and worked solution →Consumers in Japan, the United States and Switzerland show a marked preference for products that are:Read the answer and worked solution →Consumers in the United States replace TVs and bikes typically within:Read the answer and worked solution →To succeed overseas, firms must adapt product, pricing, promotion and:Read the answer and worked solution →Catch what crosses bordersRead the answer and worked solution →Pop the global business wordsRead the answer and worked solution →Run the trade differencesRead the answer and worked solution →Slice the trade wordsRead the answer and worked solution →Domestic or internationalRead the answer and worked solution →Sort reason, difference and reformRead the answer and worked solution →Type the numberRead the answer and worked solution →International business bingoRead the answer and worked solution →

Worked practice questions

Business transactions taking place within the boundaries of one nation are called:

  1. Domestic business
  2. Overseas business
  3. External business
  4. Frontier business
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Correct answer: A. Domestic business

1. It is also called internal business or home trade. 2. Buyers and sellers share one country. 3. That is domestic business. _Source: syllabus Business Studies, Chapter 11, International Business._

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Manufacturing and trade beyond the boundaries of one's own country is:

  1. Wholesale business
  2. International business
  3. Provincial business
  4. Neighbourhood trade
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Correct answer: B. International business

1. It crosses national frontiers. 2. It covers goods, services and capital. 3. That is international business. _Source: syllabus Business Studies, Chapter 11, International Business._

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Besides goods and services, international business also moves capital, personnel, technology and:

  1. Intellectual property
  2. Municipal property
  3. Agricultural land
  4. Residential flats
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Correct answer: A. Intellectual property

1. Patents, trademarks and copyrights count. 2. Know-how moves across borders too. 3. So intellectual property is included. _Source: syllabus Business Studies, Chapter 11, International Business._

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More Business Studies topics

Business StudiesManagement BasicsBusiness EnvironmentInternational BusinessStrategic ManagementCompeting in the Global Marketplace