Global Markets and Business Expansion (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What defines a saturated market?
What defines a saturated market?
Most potential customers already own product
In 2013, what was the UK's ranking globally as an exporter?
In 2013, what was the UK's ranking globally as an exporter?
Fourth largest
Which factor is a 'push' factor for international trade?
Which factor is a 'push' factor for international trade?
Intense domestic competition
What are economies of scale?
What are economies of scale?
Increased production reduces cost per unit
How does international expansion help with risk spreading?
How does international expansion help with risk spreading?
Minimises impact of problems in one market
What is off-shoring?
What is off-shoring?
Moving operations to lower-cost countries
Which function is commonly outsourced by large firms?
Which function is commonly outsourced by large firms?
Payroll processing
What is labour productivity?
What is labour productivity?
Output produced by one hour of labour
How can international markets extend product life cycles?
How can international markets extend product life cycles?
Product in growth stage in different markets
What pull factor did Malaysia offer Dyson?
What pull factor did Malaysia offer Dyson?
Proximity to most of Dyson's suppliers