AUSMAT BME Unit 3 Chapter 1 - 7

Factors driving global business development, do not included

• Financial growth opportunities

• Deregulation of the financial market

• international cooperation

• consumer purchasing and spending patterns

Consumer purchasing and spending patterns driving global business development, except

• Confidence in the reliability and security of online shopping

• Social media is used by consumers to review and discuss products

• The distribution of digital products reduces costs and makes it easier for customer

•  Eliminate tariffs and other restrictions on all trade in goods

Deregulation of the financial market that can drive global business development

• Reducing barriers to the flow of capital between countries

• Deregulation can reduce limits on bank lending

• Deregulation reduces barriers to entry, such as  interest rates, services and fees and charges

• Reduction in inflation rate

Factors that determine the feasibility of expanding into a foreign market, including:

• Financial gain

• Marketing strategy

• Consumption patterns

• Market presence

What is the benefit of home-grown product for business?

• Easily to repair

• Meet quality standard

• Keep local workface employed

• Marketing strategies can be tested

The impact of globalisation on employment levels in developing countries and in developed countries

• Developing countries may experience labour shortages on skilled people.

• Developing countries may experience labour surplus on skilled people.

• Developed countries may experience labour shortages on skilled people.

• No changes.

The impact of globalisation on tax minimisation, except

• Tax havens

• Transfer pricing

• Operate in a country that have low taxes on companies

• Encourage innovation

The impact of globalisation on domestic market, except:

• Australian companies that export are affected by changes in exchange rates, price an demand overseas.

• Domestic companies compete with international businesses because of globalisation.

•  Strong domestic sales and profits can help companies finance global expansion.

• Spread of the skills and technology

Three areas pertaining to the role of ethics in global decisions. This is NOT one of them.

• Economics sustainability

• Outsourcing and offshore labour

• Environmental responsibility

• Dumping

Two host country and home government incentives; these include:

• Rebates and discounts

• Grants and taxation

• Subsidies and welfare

• All of the above