Global Environment (AQA A-Level Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Globalisation definition
Globalisation definition
Growing interconnection between countries and economies worldwide
Economies of scale meaning
Economies of scale meaning
Cost advantages from producing larger quantities
Outsource definition
Outsource definition
Contract work out to external providers
Internet's impact on globalisation
Internet's impact on globalisation
Revolutionised business - cheap, quick global communication
WTO stands for
WTO stands for
World Trade Organisation - promotes free trade
Emerging economies definition
Emerging economies definition
Developing countries experiencing fast growth
4 major emerging economies
4 major emerging economies
China, India, Brazil, Russia
China joined WTO in
China joined WTO in
2001
India's poverty rate (%)
India's poverty rate (%)
Around 25% below poverty line
UK vs India call centre salary
UK vs India call centre salary
UK £18,000 vs India £2,000 (90% saving)