Globalisation and Technology (HSC SSCE Business Studies): Flashcards

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Globalisation and Technology
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Globalisation

Removal of barriers to trade between nations

Global web

Network of production sites strategically located worldwide

Global sourcing

Obtaining materials from suppliers worldwide to minimise costs

Economies of scale

Cost advantages from producing goods in large quantities

Economies of scale: effect on per-unit cost

Per-unit cost of production decreases

Technology in operations

Design/application of innovative devices, methods & machinery

CAD stands for

Computer-aided design

CAM stands for

Computer-aided manufacture

SCM stands for

Supply chain management

Zara's global distribution time

48 hours

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