international trade Flashcards
1
Q
benefits to business
A
- larger market
- economies of scale
- increased sales
2
Q
benefits to customers
A
- variety of goods and choice
- can buy from cheapest supplier
- can buy goods at any time
3
Q
drawbacks to business
A
- increased competition
- cost increases due to transport
- staff productivity
- distribution challenges
- language barrier
4
Q
drawback to customer
A
- need a computer and card
- have to wait sometime for delivery
- unable to fully experience product before purchasing
5
Q
role of the EU
A
- promote social and economic
- progress among its members
- set directives for member states
- allows as a single market free movement of goods services and people free trade no tariff or quotas
