4.2.1 - conditions that prompt trade Flashcards
1
Q
conditons that prompt trade
A
push and pull
2
Q
pull factor
A
an attractive feature which pulls internaltion trade into that market
3
Q
pull factor reason
A
risk spreading
costs
economies of scale
4
Q
push factor reason
A
saturated market
competition
5
Q
push factor
A
reasons why a firm would leave a market
6
Q
outsourcing
A
getting another comapny to do something for you
7
Q
offshoring
A
completing the task yourself but in a diffrent country
7
Q
outsourcing eg ( country)
A
production
management
8
Q
offshoring reason
A
cheaper labour
more efficent
better location
