2.4 Globalisation Flashcards
1
Q
Globalisation
A
Globalisation is the
trend for markets to
become worldwide in
scope.
2
Q
Multinational comapny (MNC)
A
A multinational company (MNC) produces goods and services in more than one country. They are also called transnational corporations (TNCs).
3
Q
International Trade
A
International trade is
the selling of goods and
services across national borders.
4
Q
Growth
A
Growth occurs when a
business sells increased
quantities of its products.
5
Q
Inward Investment
A
occurs when governments, businesses and individuals invest capital into another country, for example, building new factories or buying companies.
6
Q
Takeover
A
A takeover occurs when
one business buys control
of another one.
7
Q
Product Design
A
Product design translates the needs of consumers, or the inventiveness of entrepreneurs, into a salable product.
