A-level edexcel Business studies (theme 4)

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

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

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

The integration of international economies into a world market.

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

When a business relocates production to another country.

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

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

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

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

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

Factors that attract a business to a global market.

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

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

A limit on the volume of imports entering a country.

The physical systems that a country requires to operate effectively.

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

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

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

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

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

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

A measure of economic progress through the achievement of people rather than through income.

Moving away from existing production sectors into new sectors

A total ban on imported products.

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.

Economic units formed when the governments of a group of countries agree to trade together freely

On the current account: Exports minus imports

Businesses that, although operate from one country, has facilities and assets in other countries

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