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Describe a disadvantage of Electronic Commerce.
Difficulty returning goods, no human integrations, open to scams/fraud
Globalisation has always had positive impacts? True/False
False
Globalisation encourages cultural exchange. True/False
True
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
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.
Define Electronic Commerce
Buying or selling goods or services online
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
Identify three positive impacts of Globalisation.
Employment, more choice for consumers, new experiences, lower prices
Define Transnational Companies.
When companies have their head office in one country and operate in several different countries.
Define Foreign Direct Investment.
When a foreign company invests in a country (that is not there native country)
What is TNC short for ?
Transnational Companies
What is FDI short for?
Foreign Direct Investment
What are the most commonly used delivery systems?
Road, rail, sea and air
Identify two reasons for Globalisation.
Consumer demands, Transport improvement's, Freedom of trade, Economies of scale and Improvement in tech
List three examples of Top Global brands.
Apple, Google, Amazon, Microsoft, Coca Cola, Toyota etc.
Where does a Global Company carry out its business?
All over the world, internationally.
Define the term Globalisation
Globalisation is the process by which the world becomes interconnected as a result of increased trade and cultural exchange.
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