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Define the term Globalisation
Globalisation is the process by which the world becomes interconnected as a result of increased trade and cultural exchange.
Where does a Global Company carry out its business?
All over the world, internationally.
List three examples of Top Global brands.
Apple, Google, Amazon, Microsoft, Coca Cola, Toyota etc.
Identify two reasons for Globalisation.
Consumer demands, Transport improvement's, Freedom of trade, Economies of scale and Improvement in tech
What are the most commonly used delivery systems?
Road, rail, sea and air
What is FDI short for?
Foreign Direct Investment
What is TNC short for ?
Transnational Companies
Define Foreign Direct Investment.
When a foreign company invests in a country (that is not there native country)
Define Transnational Companies.
When companies have their head office in one country and operate in several different countries.
Identify three positive impacts of Globalisation.
Employment, more choice for consumers, new experiences, lower prices
Identify three negative impacts of Globalisation
Small business closures, benefits the rich, local communities do not see profits invested back into them, demand for natural resources
Define Electronic Commerce
Buying or selling goods or services online
What are four advantages of buying & selling online (Electronic Commerce)
Convivence, More Choice, The product details are readily available, You have access to customer reviews.
What factors would attract TNCs to a particular country? Give three examples.
Cheap raw materials, good transport links, cheap and plentiful labour supply, low corporation tax or
Globalisation encourages cultural exchange. True/False
True
Globalisation has always had positive impacts? True/False
False
