Started on Monday, 4 September 2023, 5:37 AM
State Finished
Completed on Monday, 4 September 2023, 5:52 AM
Time taken 15 mins 16 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Assets speci�city refers to investments that are ……………………
a. Speci�c to a business relationship
b. Speci�c to a business function
c. Speci�c to a product division
d. Speci�c to a country
The correct answer is: Speci�c to a business relationship
Question 2
Correct
Mark 1.00 out of 1.00
What is the main challenge for selling to customers in distance locations?
a. hiring and training of new staff
b. lack of familiarity with local contexts
c. Pricing and developing new products
d. �nancing equipment to be moved abroad
The correct answer is: lack of familiarity with local contexts
Deadweight loss is a concept used in international trade theory to describe ..…….
a. The net loss to importers due to the introduction of tariffs
b. The loss to consumers due to the introduction of tariffs
c. The net loss to society due to the introduction of tariffs
d. The loss to exporters due to the introduction of tariffs
The correct answer is: The net loss to society due to the introduction of tariffs
Question 4
Correct
Mark 1.00 out of 1.00
…………… is associated to openness to international trade.
a. Higher unemployment and higher economic growth
b. Higher unemployment and lower economic growth
c. Lower unemployment and Lower economic growth
d. Lower unemployment and higher economic growth
The correct answer is: Lower unemployment and higher economic growth
Question 5
Correct
Mark 1.00 out of 1.00
Mercedes-Benz is well-known for its exceptional engine quality and for being an aspirational brand that has grown to be
respected. This is referred to as a………….
a. physical resource
b. dynamic capability
c. capability in logistics
d. reputational resource
The correct answer is: reputational resource
2 of 7 9/4/2023, 5:56
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