Business and globalisation

Question 1

Globalisation

Answer 1

Refers to companies operating internationally or on a global scale.

Question 2

Imports

Answer 2

Goods and services which enter a country.

Question 3

Exports

Answer 3

Products and services produced by a country and sold to other countries around the world.

Question 4

International trade

Answer 4

The buying and selling of goods and services between different countries.

Question 5

call centres

Answer 5

A place that is equipped to deal with a large volume of phone calls at the same time.

Question 6

disposable income

Answer 6

Money available for spending and saving once taxes have been deducted.

Question 7

distribution centre

Answer 7

products in a warehouse or other large building, to be distributed to retailers and wholesalers.

Question 8

e-commerce

Answer 8

The buying and selling of goods and services online.

Question 9

exchange rate

Answer 9

The value of one currency against another.

Question 10

halal

Answer 10

Any action or thing which is permitted by Muslim law.