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Summary Unit 5: International Business (Checklist) Section Two Report
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Unit 5: International Business (Checklist) Section Two Report
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Some examples from this set of practice questions
1.
what is globalisation in business
Answer: the process by which businesses or other organisations develop international influence or start operating on an international scale
2.
benefits of globalisation
Answer: *Encourages producers and consumers to benefit from deeper division of labour and economies of scale *Competitive markets reduce monopoly profits and incentive\'s businesses to seek cost-reducing innovations *Advantages from the freer movement of labour between countries * Increased awareness among consumers of challenges from climate change and wealth/income inequality
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