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Globalisation and internationalisation
Students evaluate entry modes, overseas production, multinational operation and international pressures.
0
Objectives
10
Flashcards
10
Questions
90 min
Study time
AqaA LevelBusinessStrategic methods: how to pursue strategies
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Syllabus checklist
What you need to know
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International market choices2 objectives
- Explain reasons for greater globalisation and the importance of emerging economies for business.
- Evaluate export, licensing, alliances and direct investment as methods of entering international markets.
Managing international business2 objectives
- Analyse influences on buying, selling, producing and sourcing abroad, including off-shoring and re-shoring.
- Evaluate pressures for local responsiveness and cost reduction when managing international business.
Key terms
International market choicesglobalisationemerging economiesexportlicensingManaging international businessoff-shoringre-shoringfinancial decision-makingcost reduction
Exam tips
- International market choices exam tip 1: Write the method before the answer so the examiner can follow each step. Apply this to explain reasons for greater globalisation and the importance of emerging economies for business..
- International market choices exam tip 2: State the exact concept or formula you are using before substituting values. Apply this to explain reasons for greater globalisation and the importance of emerging economies for business..
Common mistakes
- International market choices common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to International market choices.
- International market choices common mistake 2: Name the relevant value or feature from the question and explain how it is used. Apply this directly to International market choices.
Practice preview
- Which answer best applies quantitative analysis to International market choices? Scenario: a growing manufacturer deciding whether quantitative analysis improves capacity without damaging cash flow.
- Which response gives the strongest financial reasoning for quantitative analysis? Scenario: a service business comparing quantitative analysis against customer service, employee workload and profit objectives.
- Which option evaluates quantitative analysis most effectively? Scenario: a retailer using market evidence and financial data before committing resources to quantitative analysis.
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