Business - 9225 OxfordAQA

Globalisation

Akopọ

Open the back of a phone and you are holding a map of the world. The design was done in one country, the screen made in another, the memory chips in a third, the metal cases pressed in a fourth, and the whole thing assembled in a fifth before being sold in a hundred and fifty more. No single country could make that phone as cheaply, and no single country tries.

That is globalisation, and this lesson is about what it means for a business rather than for a country. You will learn the forms globalisation takes, from countries specialising in what they do relatively cheaply to labour and firms moving across borders. You will weigh the benefits and drawbacks for businesses in developed and in developing economies, which are not the same. And you will learn the single most examinable piece of arithmetic-free reasoning in the whole specification: what happens to a business that imports or exports when the exchange rate moves, and why a currency that swings wildly is a problem even when it ends up back where it started.

Awọn Afojusun

  1. Forms of globalisation.
  2. Benefits and drawbacks of globalisation.
  3. Exchange rates.
  4. How exchange rates influence businesses.

Àwòrán ọpọlọ

A ti ṣe àwòrán kókó yìí kí o lè rí bí àwọn èrò ṣe so pọ̀.

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Akọ̀wé Ẹ̀kọ́

Nobody planned the phone's supply chain as a whole. Each stage went to wherever it could be done best or most cheaply, and the pieces were brought together because moving them is now astonishingly cheap. When the standard shipping container appeared in 1956, sending goods across an ocean stopped being an expensive, labour-intensive operation and became a routine one. That, together with cheap communication, is why production spread out across the world rather than staying where the customers are.

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Oriire fun ipari ẹkọ lori Globalisation. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.

Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.

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  1. Which one of the following is a form of globalisation named in the specification? A. Government borrowing B. Movement of labour between countries C. Rising interest rates D. The introduction of a minimum wage Answer: B
  2. A country's currency becomes stronger. Which one of the following is most likely? A. Its businesses find imported materials cheaper B. Its businesses find imported materials dearer C. Its exports become cheaper for foreign buyers D. Its exporters sell more abroad Answer: A
  3. A business manufactures in its own country and exports almost all of its output. Its home currency weakens. What is the most likely effect? A. Its exports become dearer abroad and sales fall B. Its exports become cheaper abroad and sales rise C. Its wage costs rise immediately D. It pays less tax Answer: B
  4. Which one of the following is a drawback of globalisation for a business in a developed country? A. Access to larger markets overseas B. Cheaper components bought from abroad C. Competition from lower cost producers in other countries D. The ability to recruit skilled workers internationally Answer: C
  5. Why do severe fluctuations in an exchange rate cause problems for an exporter even if the rate returns to its original level? A. Because the business must pay a tax on each movement B. Because it becomes impossible to export at all C. Because pricing, planning and cash flow all become uncertain in the meantime D. Because wages must be renegotiated each time Answer: C

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