Unit 5 L3 International Trade

Which of the following are reasons for trading internationally?

• Economies of scale

• Easy to trade internationally

• Access to new markets can only sale one product

• dont have to pay tax

Offering goods and services in other areas outside UK offers potential for organisations to ...........................................

Which one of these are examples of emerging markets

• UK and USA

• Russia,China and India

• Turkey, Mexico and Iran

• Europe

Methods used by a business to for finance International Trade include.......

• cash

• Personal cheques

• Letter of credit

• credit card

What is the role of the British Chamber of Commerce and Department of International Trade

Which of these are features of globalisation have been benefits for Walmart, Apple and Nike who operate internationally? More then 1 correct answer, for this question,how many have you identied.

• Using common currencies

• Have multinational coroperations

• International Mobility of labour

• Trading Blocs

Which of these can be barriers to international Trade?

• No of staff a company has

• Advertising and Branding

• Economic sanctions, trade restrictions, legal and regulatory systems

• Trading with the USA