Business Quiz 2

If the price of production goes up as the gains go up it's a:

• Economy of scale

• Diseconomy of scale

• None

If the price of production goes down as the gains go down it's a:

• Economy of scale

• Diseconomy of scale

• None

Globalization is the ​ (a)   toward countries joining together ​ (b)   through education, ​ (c)   and politics. Viewing themselves as part of the ​ (d)   as a whole.

• trend
• economically
• society
• world

Match the following characteristics of the types of globalization

• Cooperation beteween countries

• Political

• How easily information and ideas are shared

• Economic

• Fewer trading barriers

• Social

The development of satellite tv provided worlwide marketing avenues.

• Improved communications

• Free trade agreement

• Growth of MNCs

Now allowed to produce goods and services on a major scale worldwide.

• Improved communications

• Free trade agreement

• Growth of MNCs

Now allowed to produce goods and services on a major scale worldwide.

• Improved communications

• Free trade agreement

• Growth of MNCs

More trade means more transport and fossil fuels.

• Division of labour

• Change food supply

• Damage to the environment

No longer tied to seasons

• Division of labour

• Change food supply

• Damage to the environment

MNCs search for the cheapest location for manufacture.

• Division of labour

• Change food supply

• Damage to the environment