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Business and the international economy
Understand the significance of globalisation, including its definition and underlying reasons, as well as the opportunities and challenges it presents for businesses. Discuss why governments may implement import tariffs and quotas.
3
Objectives
30
Flashcards
21
Questions
90 min
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CambridgeIGCSEBusiness StudiesExternal influences on business activity
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Business and the international economy outcomes3 objectives
- Understand the significance of globalisation, including its definition and underlying reasons, as well as the opportunities and challenges it presents for businesses. Discuss why governments may implement import tariffs and quotas.
- Explore the reasons behind the significance and expansion of multinational companies (MNCs), including the advantages for businesses and their stakeholders, as well as the potential benefits and drawbacks for the host country or economy, such as job creation and local business impacts.
- Examine how changes in exchange rates, including depreciation and appreciation, can influence businesses that import and export goods, affecting aspects like pricing, competitiveness, and profitability, while noting that exchange rate calculations will not be included in assessments.
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