4.1.3 factors contributing to increased globalisation

Question 1

drivers for international business

Answer 1

a business will seek to make profit and increase sales.
it can do this with no further development costs by selling existing products to new markets abroad

Question 2

world trade organisation

Answer 2

exists to reduce barriers to trade and to ensure that countries keep to the agreements they have made

Question 3

define trade liberalisation

Answer 3

the process by which international trade is made easier through a relaxation of the rules which govern it

Question 4

trade barriers

Answer 4

seeks to restrict the availability of items see as harmful or dangerous.
stops imports which will compete with state monopolies or industries with political influence