2.1.3 Business and Globalisation

2.1.3 Business and Globalisation

10th Grade

13 Qs

quiz-placeholder

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2.1.3 Business and Globalisation

2.1.3 Business and Globalisation

Assessment

Quiz

Business

10th Grade

Medium

Created by

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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