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Quiz 2

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Quiz 2

Admin May 23, 2024

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Question 1 of 5

1. Question
Which of the following resources is typically necessary to start a business?
- A favorite book collection
- Financial capital, knowledge, and infrastructure
- A large social media following
- A collection of luxury items
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Question 2 of 5

2. Question
What mindset is essential for success in business?
- A carefree attitude
- A mindset focused on continuous learning and adaptability
- A mindset focused solely on personal gain
- A mindset fixated on short-term outcomes
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Question 3 of 5

3. Question
Which of the following is a crucial aspect of engaging in international trade?
- Ignoring cultural differences.
- Avoiding market research.
- Understanding global regulations and customs procedures.
- Relying solely on domestic suppliers.
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Question 4 of 5

4. Question
Why is importing considered beneficial for businesses?
- It reduces competition in the domestic market.
- It allows access to goods or materials not available domestically.
- It increases government regulations.
- It limits the variety of products available to consumers.
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Question 5 of 5

5. Question
Which of the following best describes exporting in international trade?
- Selling goods or services to customers in another country.
- Purchasing goods or services from foreign suppliers for domestic consumption or resale.
- Acquiring technology within the domestic market.
- None of the Above.
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