2.4 Globalisation

When exchange rates rise...

• Imports become more expensive

• Imports become cheaper

• Exports become cheaper

• None of the above

Falling exchange rates means?

• Imports become cheaper

• Imports become more expensive

• Exports become more expensive

• Exports become more expensive and imports stay the same

A benefit of globalisation is?

• New competition

• Takeovers are easier

• Cheaper imports are good for the economy

• Inward investment

What is meant by scarce resources?

• Resources that are hard to find

• Resources that are unable to be replaced

• Resources that cost a lot of money to buy

• Resources that have to be shipped long distances

Selling products with a high sugar content is?

• Legal and ethical

• Illegal and unethical

• Legal and unethical

• Illegal and ethical

Which is not an example of external growth?

• Franchising

• Horizontal merger

• Vertical takeover

• Conglomerate merger