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A2 Business Globalisation Flashcards | StudBud

Explore/A2 Business Globalisation

A2 Business Globalisation

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A Level Business Theme 4 Edexcel - Globalisation

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Questions 6

Answers

1
According to data from the WTO, from 1970 to 2004 the volume of world merchandise trade:
Doubled
Quadroupled
Increased by a factor of 26
Halfed
2
Any business that has productive activities in two or more countries is called a
multilocational enterprise
multiglobal enterprise
multinational enterprise
multilevel firm
3
The process where economies and business systems are becoming deeply interlinked:
Germanification
Glocalisation
Globalisation
Liberalisation
4
Which of the following is an example of the globalization of production?
Boeing sells jet planes to firms in Japan.
Caterpillar and Komatsu both sell equipment worldwide.
Coca-Cola sells their soft drinks worldwide.
Hospitals outsource some radiology work to India.
5
Protectionist countertrends to globalization include:
lower barriers to cross-border trade in agriculture
Int trade helps economic growth increasing living standards.
he argument that international trade destroys jobs.
The suggestion that open foreign markets help the economy
6
The constraints limiting the pace of globalization include which of the following?
national differences in business systems
All of the above limit the pace of globalization
national differences in consumer behavior
protectionist countertrends