Factors driving Global Business Development

What is a factor that drives Global Business Development?

• Financial Growth and/or Loss Minimisation

• Financial Stability

• Saving Money

• Global Recognition

Economies of scale means...

• cost savings or disadvantages created as a result of and increase in operation costs, resulting in higher unit input costs.

• wages become cheaper

• cost savings or advantages are created as a result of an increase in the scale of business operations, resulting in lower unit input costs.

• goods become cheaper

What best explains Loss Minimisation as a factor that drives global business development?

• E-Commerce has allowed consumers to engage with businesses globally increasing customers

• Global business can reduce losses by producing in areas of lower labour costs

• Global business can increase losses by producing in areas of lower labour costs

• Global brand recognition has also led to increases in customer numbers

What best explains Financial Growth as a factor that drives global business development?

• •This concept relates to reductions in costs or losses associated with running a global business

• Global business can reduce losses by producing in areas of lower labour costs

• •Spread risks - Businesses can produce in a variety of locations to lower the risks of unforeseen circumstances like natural disasters or political conflicts

• Global brand recognition has also led to increases in customer numbers

What term can be defined as: The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking
of the world in economic terms.

• Globalisation

• Capitalism

• Global Business Development

• Deregulation of the Financial Sector

Name the factor that drives global business development by Identifying trends and spending patterns allowing businesses to identify gaps in the global marketplace and create opportunities to innovate and increase sales.

• Financial Growth and/or Loss Minimisation

• Consumer spending and purchasing patterns

• WTO Regulations and Sanctions

• Deregulation of the Financial Sector

What factor drives Global Business Development as it assists Global business to reduce losses by producing in areas of lower labour costs

• Deregulation of the financial market

• Consumer purchasing and spending patterns

• WTO Regulations and sanctions

• Financial growth and/or loss minimisation

The World Trade Organisation is...

• an organisation that sets standards for international trade and rules of FTAs.

• Only focuses on regulations and sanctions

• Controls Australia's export market

• Assists MNC's to exploit developing nations

What is NOT part of the role of The WTO?

• Lowers barriers for increased access to the global market and helps facilitate trade agreements

• It is charged with the task of resolving conflicts if they arise

• It sets standards of transparency of trade partners

• It assists countries in forming government

The process of removing government rules controlling the way that banks and other financial organisations operate is known as...

• Financial regulation

• Financial deregulation

• Export regulation

• export deregulation