Define Conglomerate Integration

Businesses in unrelated markets join together

Which Best Defines Globalisation in Business Terms?

Free movement of goods/services enabling businesses to sell anywhere

When the Pound(/Currency) is Strong...

Imports are Cheaper and Exports sell for Less

Which Best Describes Business Growth?

Selling More output over a period of time

Comparison - Benefits & Drawbacks, Link to Case Study & Conclusion

A Group of Countries that work together for Trading

Why do MNC's/TNC's Adapt Their Marketing Mix?

To suit the countries' Traditions and Cultures

Name an Advantage of Organic Growth

Take advantage of Economies to Scale

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Business Growth and Globalisation (2.1.1 & 2.1.3 GCSE Edexcel)

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Best played w/ questions in original order. GCSE Business Edexcel 2.1.1 - Business Growth 2.1.3 - Business and Globalisation

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Questions 15

Answers

1
Define Conglomerate Integration
Business joins with an earlier business in the supply chain
Businesses in unrelated markets join together
Business joins with another business at a later stage in the supply chain
Competitors join together
2
Which of the Following is NOT an Advantage of Growth:
Open more Branches
Quality of products/services
Increased Revenue
Increased Market Share
3
Which Best Defines Globalisation in Business Terms?
Interaction and integration of people, companies, and governments worldwide
The process of improving education worldwide
Where the world is becoming increasingly interconnected due to trade
Free movement of goods/services enabling businesses to sell anywhere
4
Name an Advantage of Inorganic Growth
Expensive to set up
Can achieve Economies to Scale
Can maintain own values Without Interference from Stakeholders
Low Risk
5
When the Pound(/Currency) is Strong...
Imports are more Expensive and Exports sell for More
Imports are more Expensive and Exports sell for Less
Imports are Cheaper and Exports sell for Less
Imports are Cheaper and Exports sell for More
6
What does the term MNC mean?
Multinational Company
Market Necessary Cost
Multi-Nationalizing Culture
Multi-Nationalizing Company
7
Which Best Describes Business Growth?
Becoming a Multinational Company
Selling More output over a period of time
Expanding a business
Making More Profit over a period of time
8
BONUS ROUND!
Point + Reason + Consequence
Comparison - Benefits & Drawbacks, Link to Case Study
Point + Example + Link to Case Study
Comparison - Benefits & Drawbacks, Link to Case Study & Conclusion
9
Define Trading Bloc
A Group of Countries that work together for Trading
A Place where Countries can Trade products, services and materials
A Tax on Imported Goods/Services which makes them More Expensive to Buy
An Online Place where Countries can Trade products, services and materials
10
Define Organic Growth
Internal Growth
External Growth
Growth using organic products
Growth using live products such as selling cattle and animals
11
Why do MNC's/TNC's Adapt Their Marketing Mix?
To suit the countries' Traditions and Cultures
To increase Differentiate their Products
To Differentiate The Brand so that you can Tell Which Country it is in.
To Change their Brand Image
12
Name an Advantage of Organic Growth
There may be a Long Period between Investment and Return
Raise additional finance by Selling Shares
Take advantage of Economies to Scale
Negotiation opportunities with Suppliers in terms of prices
13
Which is NOT a Reason for Importing Overseas
Capacity of the business
Climate
Unemployment
Availability of raw materials
14
Which of the Following is NOT an Example of a way to Increase Organic Growth:
Launching New Products
Merging with another company
Entering a New Market
15
Which of the Following is an Advantage to becoming an MNC:
Increased Brand Awareness
Increased Suppliers
Adaption to Marketing Mix
Increased Responsibility

Business Growth and Globalisation (2.1.1 & 2.1.3 GCSE Edexcel) Flashcards | StudBud