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Business Studys Year 10 > Key Terms > Flashcards

Key Terms Flashcards

1
Q

Globalisation

A

When a business or country becomes more connected due to advanced tech , travel and communication

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2
Q

What are tariff

A

Taxes on goods being sold or brought

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3
Q

What is a trade block

A

When a group of country’s have little to no barriers between them

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4
Q

What is penetrative pricing

A

Making a new product cheap to gain new consumers

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Business Studys Year 10 (3 decks)

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