The Importance Of Globalisation:
Muhtasari
A phone designed in one country, made from parts from a dozen others, assembled in another and sold everywhere, that is globalisation. The world's economies have woven together, opening huge opportunities for businesses but also exposing them to competition from every corner of the globe.
In this lesson you will learn what globalisation means and why it has grown, the opportunities and threats it brings to businesses, and why governments sometimes push back with import tariffs and quotas to protect their own firms.
Malengo
- The concept of globalisation and the reasons for it
- Opportunities and threats of globalisation for businesses
- Why governments might introduce import tariffs and import quotas
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- Globalisation is best defined as: A. selling only at home B. the growing integration of the world's economies C. a tax on imports D. a type of trade union Answer: B
- An import tariff is: A. a limit on import quantity B. a tax on imported goods C. a subsidy to exporters D. a foreign currency Answer: B
- An import quota is: A. a tax on imports B. a physical limit on the quantity imported C. a government grant D. a type of advertising Answer: B
- An opportunity of globalisation for a business is: A. access to larger worldwide markets B. fewer customers C. higher local taxes D. a smaller market Answer: A
- A drawback of import tariffs is that they: A. lower all prices B. can raise prices for consumers and trigger retaliation C. remove all competition D. always create jobs abroad Answer: B
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Vitabu Vinavyopendekezwa
Jifunze zaidi kutoka vyanzo huria
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Sehemu ya kitabu
Threats and Opportunities in the Global Marketplace
What threats and opportunities exist in the global marketplace?
"Introduction to Business: Threats and Opportunities in the Global Marketplace" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/3-7-threats-and-opportunities-in-the-global-marketplace. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
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Sehemu ya kitabu
Barriers to Trade
What are the barriers to international trade?
"Introduction to Business: Barriers to Trade" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/3-3-barriers-to-trade. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
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