Globalisation | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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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

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

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 the term Globalisation

Globalisation is the process by which the world becomes interconnected as a result of increased trade and cultural exchange.

Define Foreign Direct Investment.

When a foreign company invests in a country (that is not there native country)

Identify two reasons for Globalisation.

Consumer demands, Transport improvement's, Freedom of trade, Economies of scale and Improvement in tech

Globalisation encourages cultural exchange. True/False

True

Globalisation has always had positive impacts? True/False

False

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

What is FDI short for?

Foreign Direct Investment

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.

Describe a disadvantage of Electronic Commerce.

Difficulty returning goods, no human integrations, open to scams/fraud

What are the most commonly used delivery systems?

Road, rail, sea and air

What is TNC short for ?

Transnational Companies