Impact of Globalization Quiz

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  • 1/10 Questions

    What are the benefits of Globalisation? 

    • Use of Innovation and Technology
    • Low Production Costs
    • Get Access to Various New Cultures
    • All of the above
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About This Quiz

How much do you know about globalization and its impacts? Take this impact of globalization quiz and see how updated your knowledge is. We have covered globalization as well as its impacts here in this quiz. You can take this quiz to enhance your knowledge. Due to globalization, companies can offer goods at lower prices to consumers. In this quiz, you can test your knowledge about other factors like this. All the best! Do share it with others.

Impact Of Globalization Quiz - Quiz

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  • 2. 

    The impact of globalization on business can be placed into which category?

    • Market globalization

    • Production globalization

    • Both 

    • None

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  • 3. 

    The change in market globalization will make it easier for companies to begin selling products in which area?

    • Rural

    • Urban

    • National

    • Global

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  • 4. 

    Which of the following organizations does not handle the globalization process?

    • IMF

    • World Bank

    • Asian Bank

    • WTO

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  • 5. 

    The companies must consider other _______ while developing their business strategies if they aren't appropriate in the target country.

    • Nationalities

    • Cultures

    • Habits

    • None

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  • 6. 

    You can purchase materials and components for your cameras from multiple countries and then assemble the product in yet another international location to

    • Increase your costs of production.

    • Reduce your costs of production.

    • Decrease your costs of overhead expenses.

    • Increase your costs of overhead expenses.

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  • 7. 

    Which globalization means the sourcing of materials and services from other countries to gain an advantage from price differences in different nations?

    • Market

    • Production

    • Economic

    • None of the above

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  • 8. 

    What is the full form of SEZ?

    • Special Education Zones

    • Social Economic Zones

    • Special Effective Zones

    • Special Economic Zones

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  • 9. 

    Which globalization is the decline in barriers while selling in countries other than the home country?

    • Market

    • Production

    • Cultural

    • Political

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  • 10. 

    Which market makes it easier to cross borders with lower tariffs keeping the consumer prices lower with fewer restrictions?

    • Urban

    • Local

    • Foreign

    • All of the above

    Rate this question:

Quiz Review Timeline (Updated): Aug 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 11, 2022
    Quiz Created by
    Sophia Smith
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