Business and globalisation (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What does globalisation refer to?
What does globalisation refer to?
Companies expanding operations internationally
Which three areas does globalisation impact in business operations?
Which three areas does globalisation impact in business operations?
Imports, exports, location decisions
What are imports?
What are imports?
Goods/services flowing into a country
What are exports?
What are exports?
Goods/services flowing out to another
What are multinationals?
What are multinationals?
Large corporations with global facilities and markets
What opportunity does importing provide for businesses?
What opportunity does importing provide for businesses?
Source materials at competitive prices
What challenge does increased importing create for local UK businesses?
What challenge does increased importing create for local UK businesses?
Greater competition from foreign firms
What key advantage does exporting provide for businesses?
What key advantage does exporting provide for businesses?
Opens completely new markets
How do location decisions benefit businesses through globalisation?
How do location decisions benefit businesses through globalisation?
Lower labour costs & material expenses
What positive impact do multinationals bring to local communities?
What positive impact do multinationals bring to local communities?
Job creation & economic development
What difficulty do multinationals create for smaller local businesses?
What difficulty do multinationals create for smaller local businesses?
Hard to compete with well-funded rivals
What is a key challenge businesses face when operating globally?
What is a key challenge businesses face when operating globally?
Adapting to different market needs