
2.1.3 Business and Globalisation

Quiz
•
Business
•
10th Grade
•
Medium

L Octavia
Used 34+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the term globalisation?
Goods purchased from overseas by UK businesses and consumers
The process by which the world is increasingly becoming one market
When a business produces goods in more than one country
When goods and services are made in one country and sold in another
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ASEAN (Association of South East Asian Nations) is an example of which of the following?
Tariff
Import
Trade bloc
Export
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Imports are a feature of global markets. Which of the following is an example of a UK import?
A lamp made in China is sold to UK customers
A vase made in Spain is sold to customers in Spain
A table made in the UK is sold to customers in Germany
A kettle made in the UK is sold to UK customers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exchange rates are important to businesses that trade globally. Which of the following is true if a country’s currency becomes stronger?
Bad for business that exports as goods are more expensive overseas
Bad for consumers as prices of imports will increase
Bad for business that exports as goods are less expensive overseas
Bad for business that imports raw materials as prices will increase
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A UK business extends its delivery service to include overseas markets. This is an example of changing which element of the marketing mix to compete internationally?
Product
Price
Promotion
Place
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A UK business might relocate operations abroad in order to:
Benefit from higher labour costs
Avoid import tariffs
Build a factory on more expensive land
Avoid bad publicity created through the closure of UK factories
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit to UK businesses of globalisation?
Being vulnerable to the world economic climate
Increased competition can lead to business failure
Access to new and bigger markets
Multinational firms are increasingly powerful
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