2f Global issues part 1

Question 1

What are 4 parts of global issues?

Answer 1

Overseas competitors
Overseas markets
Off shoring labour
Exchange rates

Question 2

What are overseas competitors?

Answer 2

Overseas competitors are businesses located in other countries that operate in the same or similar industry and offer a similar good or service.

Question 3

What is Differentiation?

Answer 3

Differentiation is a business distinguishing its goods and services from competitors selling similar items in the market.

Question 4

What is offshoring labour?

Answer 4

Offshoring labour is moving a business’s services or processes to another country.

Question 5

What is exchange rate?

Answer 5

An exchange rate is the rate at which the money of one country can be exchanged for the money of another country

Question 6

What is currency appreciation?

Answer 6

Currency appreciation is an increase in the value of a currency against another foreign currency.

Question 7

What is currency depreciation?

Answer 7

Currency depreciation is a decrease in the value of a currency against another foreign currency.