trade and transporting goods

Question 1

what are trade blocs?

Answer 1

a group of countries that have tariff-free trade with each other but increase barriers with non-member states.

Question 2

what is e-tail?

Answer 2

online shopping

Question 3

what is a supply chain?

Answer 3

the different countries involved and steps taken in the production line to end up with the final product.

Question 4

what is containerisation?

Answer 4

the movement of goods in shipping containers

Question 5

how is cyberspace a mode of transport?

Answer 5

it’s the transport of ideas for business opportunities rather than travelling to meet people.

Question 6

why is there a theory that the world is shrinking?

Answer 6

time-space-compression, where it takes less time to travel to different places than before.

Question 7

what are the benefits of containerisation?

Answer 7

1. cost-effective
2. rapid
3. increased interdependence
4. people have access to goods they normally wouldn’t have

Question 8

what are the negatives of containerisation?

Answer 8

1. piracy when ships pass by LICs, e.g. near the Red Sea
2. fuel can be expensive
3. any congestion can lead to a knock-on effect of delays for other ships
4. ships are becoming too big for canals

Question 9

benefits of planes as a mode of transporting goods?

Answer 9

1. the fastest

Question 10

negatives of planes for transporting goods?

Answer 10

1. needs advanced tech and infrastructure which limits the countries that can be part of the trade
2. most polluting due to exhaust fumes
3. least efficient

Question 11

benefits for trains for transporting goods?

Answer 11

1. least polluting

Question 12

negative of trains for transporting goods?

Answer 12

1. needs advanced infrastructure that limits the countries which are involved in the trade