6.3.1 The importance of globalisation:
• The concept of globalisation and the reasons for it
• Opportunities and threats of globalisation for businesses
• Why governments might introduce import tariffs and import quotas
6.3.2 Reasons for the importance and growth of multinational companies (MNCs):
• Benefits to a business of becoming a multinational and the impact on its stakeholders
• Potential benefits to a country and/or economy where a MNC is located, e.g. jobs, exports, increased choice, investment
• Potential drawbacks to a country and/or economy where a MNC is located, e.g. reduced sales of local businesses, repatriation of profits
6.3.3 The impact of exchange rate changes: • Depreciation and appreciation of an exchange rate
• How exchange rate changes can affect businesses as importers and exporters of products, e.g. prices, competitiveness, profitability
Questions and suggested answers
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