2.7c- Implications of the global market for businesses locally Flashcards
1
Q
Explain the main implications of the global market for the local economy.
A
Need for training and practical experience- Experience in exporting marketing is required in order to see all opportunities
Opportunity to trade equally with other countries- Trading opportunities are equally available anywhere.
More competition for businesses- Could result in closure of businesses and redundancies or provide employment and increased trading.
