4.2 Global Markets & Business Expansion

What is the process by which markets restrict their trade and defend themselves against threats?

• defense

• precautionism

• protectionism

• shielding

______ is practised by markets in order to restrict their trade.

There are many methods involved; for example, putting physical limits on imports (import _____) and giving _____ to domestic producers.

(a)  

Which of the following describes when two or more countries sign a regional trade agreement?

• trade

  deal

• trade

  bloc

• trade

  catalyst

• trade

  act

What are FTAs and what are their features?

Some key factors to consider when it comes to trade are "___factors".

These are factors in an existing market which encourages a firm to seek ________ ________ abroad.

(a)  

Push factors are factors of an existing market which encourage a firm to seek opportunities more internationally.

Give some examples of such factors.

A "____ factor" is a factor which entices firms to enter new markets.

Some examples could include ___-spreading or cheaper resources/____.

(a)  

Which of the following describes when a business shifts its operations to another location?

• relocation

• shifting

• off-shoring

• repositioning

(a)   is when a business moves an entire project into the hands of an external provider.

It may wish to move things like transport or human resources.

List some of the factors which are important to consider when choosing a country/market to operate in.