Globalisation Flashcards
1
Q
What is globalisation?
A
the process by which businesses or other organizations develop international influence or start operating on an international scale
2
Q
Three examples of globalisation
A
Political globalisation.
Political globalisation refers to the amount of political co-operation that exists between different countries. …
Social globalisation. …
Economic globalisation
3
Q
Advantages of globalisation
A
Allows the business to sell internationally which makes their business become more well known and could increase their sales as it is provided to a much wider range of people mandated demographics.
4
Q
Disadvantages of globalisation
A
Much more vulnerable to economic shocks and bad situations, and down falls
