Globalisation

Question 1

Globalisation

Answer 1

Globalisation is trend for markets to become worldwide in scope.

Question 2

Multinational company

Answer 2

A Multinational company produces goods and services in more than one country they are also called transactional corporations (TNCs)

Question 3

International trade

Answer 3

International trade is the selling of goods and services across national borders.

Question 4

Exports

Answer 4

Exports are goods and services produced by a business in one country and sold in another

Question 5

Tariff

Answer 5

A tariff is a tax on foreign goods imported into a country.

Question 6

Growth

Answer 6

Growth occurs when a business sells increased quantities of its products

Question 7

Economies of scale

Answer 7

Economies of scale occurs when the cost of producing a single unit falls as output increases.

Question 8

Inward investment

Answer 8

Inward investment occurs when governments, businesses and individuals invest capital for example building new factories or buying companies.

Question 9

Takeover

Answer 9

A takeover occurs when one business buys control of another one.