2F Global issues: Part 1

Question 1

what are overseas competitors

Answer 1

Businesses located in other countries that operate in the same or similar industry and offer a similar good or service.

Question 2

What are overseas markets

Answer 2

expanding or launching a business overseas.

Question 3

What is offshoring labour

Answer 3

Moving part of a business or the whole business overseas.

EG: cheap labour, less regulations

Question 4

What are exchange rates

Answer 4

The rate at which the money of one country can be exchanged for the money of another country.

Question 5

What is currency depreciation and appreciation

Answer 5

Appreciation: The currency’s value going up. This is good for imports
depreciation: The currency’s value going down. This is good for exports