Study resource

Globalisation study guide

Study Globalisation with curriculum-aligned Study Guide resources, practice links, and exam-focused support.

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study guide

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Globalisation

AqaGcseBusinessInfluences on business

Study guide overview

Globalisation: study guide
Globalisation is the process of increasing interconnectivity and interdependence of economies, cultures, and societies through trade, investment, technology, and information exchange. Globalisation is the process by which businesses, econo
Globalisation is the process of increasing interconnectivity and interdependence of economies, cultures, and societies through trade, investment, technology, and information exchange.
Globalisation is the process by which businesses, economies, cultures, and societies become increasingly interconnected and interdependent through the movement of goods, services, capital, information, and people across borders.
A condition that allows a business to outperform rivals.
The price of one currency expressed in terms of another currency.
The price of one currency expressed in terms of another currency.
Exam practice
- Which of the following best describes a primary effect of globalisation on UK businesses?
- Analyse how globalisation has influenced the cost structure of a small UK manufacturer.
- Which of the following is a direct benefit of globalisation for a small UK manufacturer?
- To what extent does globalisation benefit an independent retailer in the UK?
- Which factor is most likely to give a UK independent retailer a competitive advantage in international markets?
- Explain how a small UK manufacturer can use higher quality to compete internationally.
- An independent retailer imports goods from the EU. If the pound weakens against the euro, what is the most likely effect on the retailer's profit?
- A small manufacturer imports raw materials costing €10,000. The current exchange rate is 1 GBP = 1.15 EUR. If the rate changes to 1 GBP = 1.05 EUR, calculate the change in the cost of the raw materials in pounds and the resulting effect on profit, assuming revenue is £20,000 and other costs are £5,000.
- A small UK manufacturer exports 1,000 units of a product to Germany each month. The product sells for €50 in Germany. If the GBP/EUR exchange rate falls from 1.20 to 1.10, what is the most likely effect on the manufacturer’s monthly sales revenue in GBP?
- Explain how a depreciation of the British pound can affect the sales and profits of a UK‑based online service business that exports digital services to the EU.