Globalisation

Question 1

Globalisation

Answer 1

-international scope
-compete for all customers around the global markets

Question 2

Removal of trading barriers

Answer 2

Globalisation evolving
-trading blocs

Question 3

Political

Answer 3

-political change e.g. china
-more active in allowing foreign firms in their market

Question 4

Success of MNCs

Answer 4

-enticement for other businesses to want to try to replicate fortune
-statured in current area so expand

Question 5

Rise in foreign directive investment/FDI

Answer 5

-business investing in a overseas economy
-build and invest, next steps are to sell goods while you are there

Question 6

Greater immigration

Answer 6

-fuelling pace of globalisation
-workers in a global market than local
-people prepared to take their skills to another part of the world
-large pool of immigrated labour
-better skilled set but also lower wage rates

Question 7

Growth in global population

Answer 7

-certain countries like India and China
-makes them attractive to overseas businesses

Question 8

Nations change structure of there economy

Answer 8

-more developed its less reliant of primary and secondary sector
-growing need and demand for service sector for consumers
-there tertiary could be under developed
-MNC move into that market