Topic One

Question 1

Flows Of Capital

Answer 1

The flow of all money for investment. Investment in land, trade etc

Question 2

Flows of Labour

Answer 2

People moving to seek employment opportunities. Want to improve their quality of life

Question 3

Flows of products

Answer 3

Manufactured goods - Normally things made in factories

Question 4

Flows of services

Answer 4

Economic activities that are traded without the production of material goods.

Question 5

Flows of information

Answer 5

Cultural ideas, knowledge, language, research and design

Question 6

What is marketing the process of

Answer 6

Promotion of services or products
Selling of services or products
Advertising services or products

Question 7

What do companies view the world as

Answer 7

One single market

Question 8

Company employs one marketing strategy. Ultimate aim is

Answer 8

Uniform Products
Sold in the same way
EVERYWHERE

Question 9

What has globalisation created

Answer 9

New international division of labour

Question 10

Developed countries have

Answer 10

Concentration of higly skilled, highly paid, decison making and manegerial occupations

Question 11

Developing countries have

Answer 11

Concentration of labour intensive, unskilled and poorly paid assembly workers

Question 12

What has accelerated rates of globalisation

Answer 12

Technologies
Relationships
Systems

Question 13

Factors affecting globalisation

Answer 13

Travel: Increase business and tourism travel
Global Marketing: Rise in the significance of global brands e.g. McDonald’s
Transport: Faster transport by air, road, and rail
Migration: Ideas and information spread by the movement of people

Question 14

Communications Technology

Answer 14

Few barriers to prevent people from sharing information globally.

60% Of people have access to the internet.

4.5 billion internet users worldwide

Use of mobile phone especially in LDEs as they will be able to access the market. Start selling things - individual economic gain. 7 billion phone subscribers worldwide

Internet allows 24/7 communication

Question 15

Financial Systems

Answer 15

High speed electronic transmissions of money will mean businesses will be able to tade money faster and in a secure way. Influence people to use it.

The government backed off and allowed the financial groups to take control as they have more knowledge

Question 16

Transport Systems

Answer 16

Products can be shipped more quickly and in larger sizes. So we are able to move large amounts of product

Increase size of planes and better integrated air traffic - more planes in the sky which will cary more goods or peopel.

The use of standardised containers - sea, road, rail - Same size so we can use them anywhere

Question 17

Security Systems

Answer 17

National boundaries are less of a barrier and are more easy to access more flows of people and products.

Food imports - ensuring all the food being imported meets the countries required safety standard. Coca-cola has to use a differnt recipe for coke in the UK as one of the sugars in the US version is illegal

Cyber crime - reliance on the internet with important things such as banking has led to more online crimes such as online fraud.

Biosecurity - Preventing the exposure of harmful chemicals or diseases spread by humans or animals that can cause death or disease. Cpvid-19 barriers were shut down in Australia to prevent people from getting it. Wouldn’t let anyone through unless they were vaccinated