Business And The International Economy
Gbogbo ọrọ náà
A clothes retailer in London sources cotton from India, assembles garments in Bangladesh and sells finished products to customers across Europe. That single supply chain crosses three continents, multiple currencies and several trade agreements. Understanding how businesses operate in this interconnected world is essential for any student of business studies.
In this lesson you will explore globalisation and why it matters, examine the role of multinational companies, learn how to calculate and interpret exchange rates, and analyse the impact that currency changes have on importers and exporters. These ideas run through both Paper 1 and Paper 2 of the Edexcel specification.
Ebumnobi
- Understand the concept of globalisation and the opportunities and threats of globalisation for businesses
- Understand the importance and growth of multinationals: benefits of a business becoming a multinational, benefits and possible drawbacks to a country and/or economy where a multinational is located
- Calculate exchange rates
- Understand the impact of exchange rate changes on international competitiveness and on importers and exporters
Akọmọ Ojú-ẹkọ
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Business And The International Economy. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which of the following best describes globalisation? A) A government policy to reduce imports B) The increasing integration of the world's economies through trade and capital movement C) A method of calculating exchange rates D) The process of a business expanding within its home country Answer: B
- A country's currency depreciates. What is the most likely effect on its exporters? A) Their products become more expensive abroad B) Their products become cheaper abroad C) There is no effect on exports D) They must pay higher import tariffs Answer: B
- Which of the following is a benefit to a host country when a multinational locates there? A) Profits are sent back to the MNC's home country B) Local businesses face less competition C) New jobs are created for local workers D) The government loses tax revenue Answer: C
- If GBP 1 = EUR 1.15, how many euros would a UK business receive for GBP 2,000? A) EUR 1,739 B) EUR 2,300 C) EUR 2,000 D) EUR 1,150 Answer: B
- Which of the following is a threat of globalisation to a domestic business? A) Access to larger markets B) Economies of scale C) Increased competition from foreign firms D) Lower transport costs Answer: C
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Àwọn Ìwé Tó Dáa Láti Kà
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Business And The International Economy? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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