A-level edexcel Business studies (theme 4)

A limit on the volume of imports entering a country.

When two or more businesses agree to act collectively to set up a new business

On the current account: Exports minus imports

The price charged by one company to another within the same MNC.

The process of removing barriers to trade to encourage the free movement of goods/services

Organisations who fight to influence the actions of others for the good of a particular cause.

Investment by a business from a country into the production of a business from another country.

Taxes placed on imported goods that are not applied to domestic goods

When a business relocates production to another country.

a measure of economic progress through the achievement of people rather then through income.

Factors that attract a business to a global market.

where the promotion of the product is undertaken based on the beliefs of the home nation

Countries with growing but low to middle average income per person.

A customs union that has a free trade area and common external tariff.

The physical systems that a country requires to operate effectively.

A framework used to look at marketing by global firms.It highlights 3 different approaches

Economic units formed whenthe governments ofa group of countries agree to trade together freely

business that, Although operated from one country, has facilities and assets inother countries

The integration of international economies into a world market.

When two or more businesses join together beyond the boundaries of a specific country.

Any government actions that limit the free movement of goods/services between countries.

Government payments to domestic firms to help reduce production costs/improve competitiveness.

A total ban on imported products.

The annual total value of output in an economy in a given period of time.

Changing a global marketing strategy in order to meet the requirements of a geographical market

policies imposed by governments to restrict free movement of goods/services between countries.

where the promotion of the product is undertaken based on a global point of view

Moving away from existing production sectors into new sectors

Factors that force a business to leave the market in which they currently operate

When a message made by the business is taken to mean something else by the potential market.

where the promotion of the product is done based on the beliefs of the nation being targeted.