Topic study hub
Globalisation
Study how UK businesses compete internationally and how exchange rates affect importers and exporters.
5
Objectives
10
Flashcards
10
Questions
90 min
Study time
AqaGcseBusinessInfluences on business
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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
globalisationExplainAnalysedesignqualityexchange ratesprofit
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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