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SingaporeBusiness StudiesQuick questions
External Influences on Business
Quick questions on Globalisation and international trade explained: O-Level Business Studies
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is multinational companies (MNCs)?Show answer
A multinational company produces or operates in more than one country. MNCs bring jobs, investment, technology and tax to host countries, but can also be criticised for dominating local firms, moving profits abroad, and sometimes poor labour or environmental standards. They are a major force in globalisation.
What are trade barriers?Show answer
Governments may use trade barriers to protect home businesses:
What is q1?Show answer
Define the term international trade. [2 marks]
What is q2?Show answer
State two opportunities globalisation offers a business. [2 marks]
What is q3?Show answer
Explain one disadvantage to consumers of a government placing a tariff on imports. [4 marks]
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