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WorksheetsSGS Business 2.1.4 Business and Globalisation
Total questions: 21
Worksheet time: 10mins
Which option best describes the term globalisation?
Goods purchased from overseas by UK businesses and consumers
The process by which the world is increasingly becoming one market
When a business produces goods in more than one country
When goods and services are made in one country and sold in another
ASEAN (Association of South East Asian Nations) is an example of which of the following?
Tariff
Import
Trade bloc
Export
Imports are a feature of global markets. Which of the following is an example of a UK import?
A lamp made in China is sold to UK customers
A vase made in Spain is sold to customers in Spain
A table made in the UK is sold to customers in Germany
A kettle made in the UK is sold to UK customers
Exchange rates are important to businesses that trade globally. Which option is true if a country’s currency becomes stronger?
Bad for business that exports as goods are more expensive overseas
Bad for consumers as prices of imports will increase
Bad for business that exports as goods are less expensive overseas
Bad for business that imports raw materials as prices will increase
A UK business extends its delivery service to include overseas markets. This is an example of changing which element of the marketing mix to compete internationally?
Product
Price
Promotion
Place
A UK business might relocate operations abroad in order to:
Benefit from higher labour costs
Avoid import tariffs
Build a factory on more expensive land
Avoid bad publicity created through the closure of UK factories
Which is a benefit to UK businesses of globalisation?
Being vulnerable to the world economic climate
Increased competition can lead to business failure
Access to new and bigger markets
Multinational firms are increasingly powerful
Which best describes the term imports?
Goods produced by UK businesses and purchased by other UK
businesses
Goods purchased from overseas by UK businesses and consumers
Goods produced by a business in one country and sold in another
Goods purchased by UK businesses from other UK producers
Which of the following best describes the term multinationals?
Goods made in one country and then sold to a different country
Businesses that have operations in more than one country
Goods or services that are bought from overseas
Businesses that only have operations in one country
A multinational business reduces the amount charged for products sold in a country with lower than average income levels. Which element of the marketing mix has been changed to help the business compete internationally?
Product
Price
Promotion
Place
Which of the following is true in relation to tariffs?
Buyers might be encouraged to purchase home produced goods instead of imports if a tariff is imposed on imported goods
Tariffs restrict the number of imports a country can receive in a particular time period
Tariffs discourage trade between countries that are members of a trade bloc
When a tariff is imposed on imported goods they will become cheaper in that market
Which two are drawbacks to independent UK businesses of globalisation?
Increased competition from overseas businesses
Costs can be reduced through the use of cheaper labour
Global brands can dominate markets
Opportunity to increase sales
Access to cheaper raw materials
Which two businesses are acting as exporters?
A UK retailer buys goods from overseas suppliers to sell in the UK
A UK supermarket buys milk from UK farmers to sell in its UK stores
A UK based car manufacturer sell cars to the Japanese market
A UK confectionery business buys cocoa from abroad to produce chocolate bars in the UK
A UK mountain bike producer sells its products to the USA
