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Globalisation
Globalisation in AQA GCSE Business 8132 focuses on how real firms make decisions in the influences on business part of the course. Students should connect key terms to business context, use evidence from case studies, and explain the likely effect on costs, revenue, profit, cash flow, customers, employees, owners, and other stakeholders. Strong revision separates similar concepts, weighs advantages against disadvantages, and uses figures where calculations or financial evidence are relevant. Exam answers should move beyond definitions by applying the idea to a specific business objective and reaching a justified judgement.
5
Objectives
25
Flashcards
25
Questions
90 min
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Syllabus checklist
What you need to know
5 objective pages available
International competition and globalisation3 objectives
- Explain globalisation and its effects on UK businesses.
- Analyse benefits and drawbacks of globalisation for UK businesses.
- Explain how UK businesses may compete internationally through better design, higher quality and lower prices.
Exchange rates2 objectives
- Explain how exchange rates can affect profits and sales for businesses that import.
- Explain how exchange rates can affect profits and sales for businesses that export.
Key terms
Exam tips
- International competition and globalisation exam tip 1: Use precise subject-specific vocabulary when you explain how to explain globalisation and its effects on UK businesses..
- International competition and globalisation exam tip 1: Use precise subject-specific vocabulary when you explain how to analyse benefits and drawbacks of globalisation for UK businesses..
Common mistakes
- International competition and globalisation common mistake 1: Answer by clearly explaining how to explain globalisation and its effects on UK businesses..
- International competition and globalisation common mistake 1: Answer by clearly explaining how to analyse benefits and drawbacks of globalisation for UK businesses..
Practice preview
- RiverRun Catering serves price-sensitive customers while using retained profit; the case evidence includes break-even output of ?5,405, sales of 355 units, and a 30% change in costs or demand. Which option best applies Explain globalisation and its effects on UK businesses?
- CraftCrate serves commuters while opening a second outlet; the case evidence includes net profit margin of ?10,461, sales of 491 units, and a 30% change in costs or demand. Which option best applies Explain globalisation and its effects on UK businesses?
- SwiftServe serves repeat customers while raising prices; the case evidence includes unit contribution of ?8,128, sales of 458 units, and a 25% change in costs or demand. Which option best applies Explain globalisation and its effects on UK businesses?
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