2F

Question 1

Overseas Competitors

Answer 1

Overseas competitors are businesses located in other countries that operate in the same or similar industry and offer a similar good or service.

Question 2

Differentiation

Answer 2

Differentiation is a business distinguishing goods and services form competitors selling similar items in the market.

Question 3

Offer Shoring Labour

Answer 3

Offer shoring labour is moving a business’s services or processes to another countries.

Question 4

exchange Rate

Answer 4

An exchange rate is the rate at which the money of one country can be exchanged for the money of another country.

Question 5

Currency Appreciation

Answer 5

Currency appreciation is an increase in the value of a currency against another foreign currency.

Question 6

Currency Depreciation

Answer 6

Currency depreciation is decrease in the value of a currency against another foreign currency.

Question 7

Free Trade Agreement

Answer 7

Free trade agreement is an international agreement that reduces or eliminates trade barriers between two or more countries.

Question 8

Theory summary

Answer 8

The external environment consists of a rage of global issues that can affect decisions made when planning a business, including.
.Overseas Competitors 
.Overseas Markets 
.Offshoring Labour 
.Exchange Rates