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WorksheetsIGCSE Business 6 ELS
Total questions: 20
Worksheet time: 24mins
Globalalisation means
national interaction between all types of business
refers to the integration and interconnection of businesses all over the world
refers to the worldwide movement toward cultural interconnection
is a result of massively increased European trade and cultural exchange.
A negative effect of globalization is _________.
a.better jobs
b. the ability to communicate with people all over the world
c. technology
d. loss of jobs
Why do goods and services move around the world faster than ever?
Free trade agreements, and technological advancements.
The United Nations
Space Travel
Magic
One way international trade created new opportunities for impoverished people?
People can sell their products in a global marketplace.
Farmers can sell their products online
People can get rid of stuff they don't want anymore.
Consumers can profit from the competitive prices of foreign products
Identify all winners and losers of clothing production being globalized?
Corporations and the stockholders earn more profit.
Consumers win by obtaining cheaper products.
Losers are high wage workers who lost jobs that go overseas.
All of the above
Globalisation is:
the introduction of the internet to make us closer to others in the world.
the breakdown of traditional barriers between nations through technology and transport
faster travel around the world
the movement of ideas around the world.
Falling transport costs due to containerization is mostly a /an ___________ type of globalisation
Economic
Technological
Political
Social
Factories or other aspects of industry or business are relocated to a pace that is cheaper to do business.
Offshoring
Outsourcing
The movement of jobs from the U.S to countries like India is an example of which of the following?
Offshoring
Outsourcing
An economic term that describes people who do one job using the resources they have.
Fair trade
commodity
specialization
infrastructure
A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).
Free Trade
Trade
Goods
Supply and Demand
The dependence of two countries on each other
globalization
interdependence
equal rights
dependence
The system of Money in a country or in the world as a whole and the way it is controlled by the Central bank of the country is called
Fiscal System
Money Market
Monetary System
Central Banking System
If the businesses are able o sell their products to a larger market they are can lower their
Per Capita Income
Tax
Cost
Energy Consumption
All of above
Work out the number of mobile phones sold by Samsung in year 2015, assuming that it had a market share of 21.4 percent.
304.8 million
1424 million
Which one of the following might be a threat to the business, arising from globalization?
Lower Interest Rates
Increased Competition
More Health and safety Legislation
Lack of Diversification opportunities
Which might be one of the opportunities to businesses arising from globalization?
Protection from international takeovers
Lower level of inflation
an improvement in product quality
Lower cost due to economies of scale
