Globalisation S3 Business

Fill in the blanks:

The ___________________________market and globalisation are terms used to describe the worldwide market available to businesses.

• World

• Global

• Local

• Large

Fill in the blanks:

The biggest companies in our world are no longer national firms but_____________________________________ with subsidiaries/branches in many countries.

• Conglomerates

• Large Companies

• Multinational Corporations

• International Firms

Which of these statements are the advantages of Globalisation

Hint: There is more than one correct answer

• Brand awareness is increased

• Communication is harder

• Market Share is increased

• Dealing with different Currency is difficult

Which of these statements are NOT an advantages of Globalisation

Hint: There is more than one correct answer

• Working across Different Time Zones

• Communication is harder

• Market Share is increased

• You gain more profit

Globalisation means a business will have more competition

• True

• False

Globalisation can be harmful on the worlds community and environment

• True

• False

Globalisation will damage your profit figures

• True

• False

Market share means the amount of customers in a market which chose to use your business

• True

• False

If a business works across many countries then they should standardise their approaches and do the same thing in every country

• True

• False

Fill in the blanks:

A Multinational Company is one that operates over __________ or more countries.

• 5

• 12

• 9

• 2