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Aussie Machinery and Farm Supplies (AMFS) was nominated for the 2005 Australian Exporter of the Year Award - HSC - SSCE Business Studies - Question 23 - 2006 - Paper 1

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Aussie Machinery and Farm Supplies (AMFS) was nominated for the 2005 Australian Exporter of the Year Award. AMFS has a reputation for superior environmentally respon... show full transcript

Worked Solution & Example Answer:Aussie Machinery and Farm Supplies (AMFS) was nominated for the 2005 Australian Exporter of the Year Award - HSC - SSCE Business Studies - Question 23 - 2006 - Paper 1

Step 1

Identify ONE feature of globalisation.

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Answer

A key feature of globalisation is the increasing interconnectedness of economies around the world. This includes the flow of goods, services, capital, and labor across international borders.

Step 2

Describe ONE trend in globalisation that may have contributed to the growth of AMFS.

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Answer

One significant trend in globalisation that has likely contributed to the growth of AMFS is the expansion of free trade agreements. These agreements facilitate easier access to international markets, allowing companies like AMFS to market their environmentally responsible products more effectively across various countries. This trend promotes international competition and encourages businesses to innovate, potentially leading to increased sales and market share.

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