BUSINESS ENVIRONMENT WEEK 5 Primark Quiz and Globalisation

What did Primark say about stock issues?

• They will have no issues.

• Stock issues could persist until 2023.

• They will stop selling clothes.

• Stock issues are resolved.

What is a multinational corporation?

• A company with branches in one country

• A company with subsidiaries in many countries

• A small local business

• A national firm

What is a key feature of globalisation in terms of company operation?

• Companies operate locally

• Companies operate nationally

• Companies operate internationally

• Companies operate regionally

What is one reason for the decrease in the cost of transporting goods between countries?

• Smaller cargo ships

• Larger cargo ships

• More expensive fuel

• Fewer shipping routes

What does LEDCs stand for in the context of labour?

• Less Economically Developed Countries

• Large Economically Developed Countries

• Least Economically Developed Countries

• Low Economically Developed Countries

What is a benefit of improved communication technologies?

• Less communication

• Greater communication

• More expensive communication

• Slower communication

Which of the following is NOT a reason for globalization mentioned in the text?

• Improvements in transportation

• Freedom of trade

• Improvements of communications

• Increase in taxes

What happens to cross-border transactions in a global economy?

• They decrease

• They remain the same

• They increase

• They disappear

What is one effect of globalization on transportation costs?

• They increase

• They decrease

• They remain the same

• They become unpredictable

Which of the following is a positive effect of globalization on technology?

• Technology becomes outdated

• Technology advances

• Technology remains the same

• Technology becomes less accessible