U1 AOS3/KK5: Global issues

Question 1

overseas competitors

Answer 1

businesses operating overseas/ businesses establishing an operation on the Aus market

Question 2

overseas markets barriers

Answer 2

tariffs (taxes on imports), quotas (limits on exports), gov subsides supporting local businesses in other businesses, politics

Question 3

offshoring labour

Answer 3

moving part of a business operation to another country

Question 4

offshoring labour strengths

Answer 4

business pays lower wages (increasing profits),
business has more money for other functions,
less regulations and compliance (sick leave)

Question 5

offshoring labour weaknesses

Answer 5

businesses may loose control of operations,
moves domestic jobs overseas

Question 6

exchange rates

Answer 6

value of currency in one country compared to another.

LOW $ helps exporters and investments in AUS
HIGH $ helps importers and overseas investment from AUS

Question 7

3 PROTECTIONS OF IP AT A GLOABL LEVEL

Answer 7

patents, trademarks, copyright

Question 8

3 PROTECTIONS OF IP AT A GLOABL LEVEL

Patents

Answer 8

exclusive right granted for a process that is NEW, inventive and useful.

Question 9

3 PROTECTIONS OF IP AT A GLOABL LEVEL

Trademarks

Answer 9

a right granted over a letter, word, phrase or number. Aus trademarks only provide protection within AUS

Question 10

3 PROTECTIONS OF IP AT A GLOABL LEVEL

Copyright

Answer 10

free and automatic protection of original work eg. writing, music, art

Question 11

Global Issues

Answer 11

international concerns that have resulted from worldwide trade, constantly changing category which a business has no control over