business

Question 1

what is Globalisation

Answer 1

Globalisation is the process of economies around the world becoming more interconnected through trade.

Question 2

what is GDP

Answer 2

GDP stands for Gross domestic product, and it is the value of all final goods and services produced within a country

Question 3

what are imports

Answer 3

Imports are goods/services that are brought into the country. This means that money is flowing out of the country and into the country where the good/service is from

Question 4

what are exports

Answer 4

exports are goods that are sent out of the country. This means that money is flowing into the country as other countries are buying our goods/services

Question 5

FDI (foreign director investment)

Answer 5

when foreigners (other countries) want to invest in other particular countries.
- could be an investment such as a merger or takeover
- or buying tech from other countries

Question 6

Organic growth

Answer 6

when a business grows naturally through financing itself

Question 7

inorganic growth

Answer 7

merger - when two business join together and merge resources
takeover - when a business buys 51% of another business