Globalisation & international trade
AQA GCSE Business Studies revision on Globalisation & international trade. Aligned to the AQA GCSE Business 8132 specification. This bank has 10 practice questions on this topic.
Sample questions (3 of 10)
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Question 1
What is the primary definition of globalisation in a business context?
- A) The process of businesses operating solely within their home country
- B) The increasing integration and interdependence of national economies and cultures
- C) The government policy of increasing taxes on all imported goods
- D) The reduction of staff numbers to lower operational costs
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Answer: The increasing integration and interdependence of national economies and cultures
Globalisation involves the movement of goods, services, capital, and labour across international borders. It creates a global market where businesses must consider international competition and supply chains to remain successful.
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Question 2
What term describes a tax placed on imported goods to make them more expensive?
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Answer: Tariff
Governments impose tariffs to make foreign goods less competitive compared to domestic alternatives. This encourages consumers to buy locally produced items, potentially boosting the domestic economy.
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Question 3
Which of the following is a benefit for a business that decides to export its products?
- A) It eliminates all competition from international rivals
- B) It reduces the need for market research
- C) It allows the business to access a larger customer base
- D) It guarantees that currency exchange rates will remain stable
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Answer: It allows the business to access a larger customer base
By entering new international markets, a business can increase its total sales and revenue. This also helps spread risk, as a downturn in the home market may be offset by growth in another country.
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7 more questions on Globalisation & international trade — plus mistakes tracking and spaced repetition across the whole Business Studies spec.