Which is NOT an advantage of a niche market?

Build large customer data base.

What is a Polycentric Approach?

Promotion of the product is based on the home nation.

What is an Ethnocentric approach?

Promotion of the product is based on the host nation.

What is Globalisation?

The growing integration of the worlds economy.

What is a drawback of MNC's on Host Countries?

Accused of imposing on their culture.

What is transfer pricing?

What determines where you want profit to be made.

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Theme 4 EDEXCEL ALEVEL BUSINESS

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Questions 15

Answers

1
Which of these is not a business acronym in 4.1?
HDP
HDI
GDP
FDI
2
Which is NOT an advantage of a niche market?
Build large customer data base.
More competition.
High production costs.
Need to do more marketing.
3
A Pull factor is factors in the existing markets that encourage the business to leave.
False
True
4
What is a Polycentric Approach?
Promotion of the product is based on the whole world.
Promotion of the product is based on the home nation.
Promotion of the product is based on the host nation.
Promotion of the product is based on a mix of the home and host nation.
5
What is an Ethnocentric approach?
Promotion of the product is based on the home nation.
Promotion of the product is based on a mix of the home and host nation.
Promotion of the product is based on the whole world.
Promotion of the product is based on the host nation.
6
Transfer Pricing is illegal?
True
False
7
Which of these is not an indicator of growth?
Population Size
Literacy
Human Development Index
Gross Domestic Product
8
Which of these is a benefit of reshoring?
USP of made 'locally'.
Slower lead time.
Increased costs of imports/exports.
Impress government.
9
Which is NOT a reason for OFFshoring?
Production costs cheaper in the other country.
Increased transportation costs.
Closer to consumers.
Gain specialist knowledge.
10
The 'MINT' countries are Mexico, India, Nigeria, Turkey.
False
True
11
What is Globalisation?
The world getting bigger.
The growing integration of the worlds economy.
Businesses getting bigger.
A business moving to a new country.
12
What is a drawback of MNC's on Host Countries?
Trained staff.
Spend more in the country.
Gain high tax revenues.
Accused of imposing on their culture.
13
Which of these make a country attractive as a market?
All of the above.
Political Stability.
High levels of disposable income.
Good infrastructure.
14
What is transfer pricing?
Asking the government for lower tax rates.
All of the above.
What determines where you want profit to be made.
Moving your financial department abroad.
15
Which of these is not a way to avoid tax?
Debt Shifting
Patent Reallocation
Transfer Reallocation
Transfer Pricing

Theme 4 EDEXCEL ALEVEL BUSINESS Flashcards | StudBud