Globalisation (OCR 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 is globalisation?
What is globalisation?
Businesses becoming interconnected globally
Why might a business produce parts of a product in different countries?
Why might a business produce parts of a product in different countries?
To reduce costs
What does global movement of capital refer to?
What does global movement of capital refer to?
Borrowing money from international markets
How do improvements to transport increase globalisation?
How do improvements to transport increase globalisation?
Larger ships & better networks cut costs
How do better telecommunications increase globalisation?
How do better telecommunications increase globalisation?
Make international business easier & cheaper
What trading barrier change has increased globalisation?
What trading barrier change has increased globalisation?
Lower tariffs and quotas
How do multinational companies increase sales?
How do multinational companies increase sales?
Each country provides potential customers
Why might an MNC produce in a particular country?
Why might an MNC produce in a particular country?
Lower costs for labor or materials
What tax benefit can MNCs gain?
What tax benefit can MNCs gain?
Pay lower taxes in favorable countries
What is a disadvantage of locating production abroad?
What is a disadvantage of locating production abroad?
Higher transport costs for moving goods
Why must businesses consider language when creating an international brand?
Why must businesses consider language when creating an international brand?
Words have different meanings in languages
How do income levels influence international branding?
How do income levels influence international branding?
They dictate pricing & target markets