Global Markets and Business Expansion (Edexcel A-Level Business): Flashcards

Adverse conditions forcing business to seek overseas opportunities

Attractive opportunities enticing businesses into new markets

Market where most potential customers already own the product

Increasing production scale reduces cost per unit of output

Moving operations to lower-cost locations in other countries

Transferring business function to specialist external provider

Amount of goods/services produced by one hour of labour

Protects business from over-dependence on single market

Fourth largest exporter globally

Selling in markets at different development stages