Consumer Choice - Chapter 6

Question 1

Define globalisation

Answer 1

Globalisation is the process by which the world becomes interconnected as a result of trade, improvements in transport and communications.

Question 2

Outline the reasons for globalisation

Answer 2

Improvements in technology, consumer demands, freedom of trade and transport improvements.

Question 3

Explain 2 impacts of globalisation

Answer 3

Globalisation creates employment because when big company’s set up businesses in Ireland they need hire local people. but also these big companies sometimes drive smaller businesses out of business.

Question 4

Give 2 impacts of ICT on consumer choice and behaviour.

Answer 4

A good thing about ICT is that consumers now can book holidays and events online but a problem with ICT is a website might take your money but have no intention of delivering the products