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2.4.1 How UK businesses compete internationally

Why has globalisation made international buying and selling more normal for small UK firms?

A

Dyson designs in the UK but manufactures in Asia, reducing costs and locating production near fast-growing markets.

B
  • Cheap container shipping lowers transport costs.
  • The internet connects businesses and customers.
  • Lower trade barriers make overseas trade easier.
C

Extra stock protects production and sales if shipments are delayed, but ties up cash.

D

Its website and online marketplaces allow it to take overseas orders without opening shops abroad.

2.4.1 How UK businesses compete internationally Flashcards

  1. GCSE
  2. /Business
  3. /2.4.1 How UK businesses compete internationally

Flashcards for AQA GCSE Business 2.4.1 How UK businesses compete internationally, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 25 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.

Flashcards