Globalisation Y10

Globalisation is the process of world economies [countries] becoming more .......

• Aligned

• Interconnected

• Defensive

• Specialised

Which of the following are benefits of globalisation?

• The addition of tariffs

• Reduced labour costs

• Increased shipping costs

• Access to new markets

Many countries form trade blocs to enjoy...

• Free Trade

• Free movement of people

• Higher tariffs

• Imports and exports

Tariffs are applied to products being ....

• Imported

• Exported

Tariffs are applied to...

• Make imports better quality

• Make imports cheaper

• Make imports more expensive

Globalisation can result in a foreign company entering the UK market and buying a company that is already well established. This is known as a ...

• Float

• Merger

• Takeover

• Franchise

When buying goods from another country, it's important to consider the...

• Interest rate

• Base rate

• Exchange rate

• Buying rate

What is the benefit when the £ is STRONG?

• Imports Cheap

• Imports Dear

• Exports Cheap

• Exports Dear

What is the drawback when the £ is strong?

• Other countries will get jealous

• Large tariffs are applied

• Imports become more expensive

• Exports from the UK are seen as too expensive

Today the exchange rate is £1 - $1.22

Which is the stronger currency?

• £

• $