Share Globalisation 5h yr Lesson 1 and Lesson 2
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List 1 factor that encourages globalisation
Improved technology
List 1 factor that encourages globalisation
Faster transport
List 1 factor that encourages globalisation
Trade agreements (EU)
List 1 factor that encourages globalisation
Multinational companies
List 1 factor that encourages globalisation
Internet / communication
What is a global company? Give an example.
A business that operates in many countries as one system Example: Apple / McDonald’s / Amazon
What is interdependence? Give an example.
Countries rely on each other for goods/services Example: Ireland imports clothes from Asia
Define Internationalisation
Expanding a business into foreign markets
Define Globalisation + example
Increasing connection of countries through trade, tech & business Example: Irish people buying from Amazon
Name 1 and explain impact on business
Access to larger markets → more sales globall
Name 1 and explain impact on business
More competition → harder for small firms
Name 1 and explain impact on business
Cheaper suppliers → lower costs
Name 1 and explain impact on business
Supply chain risk → delays affect business
Name 1 and explain impact on consumers
More choice → wider range of products
Name 1 and explain impact on consumers
Lower prices → more competition
Name 1 and explain impact on consumers
Overconsumption → more waste
