Globalisation

Question 1

Causes Of Globalisation?

Answer 1

Reduced Communication Costs - Easier for international firms and consumers to communicate, encouraging the exchange of goods and services on a global level as firms can understand overseas consumer behaviours

Free Trade - Cheaper for firms to export goods to other countries, making them more competitive to international consumers, encouraging them to be purchased over domestically produced goods

Question 2

Define Globalisation

Answer 2

The process by which businesses or other organizations develop international influence or start operating on an international scale