fbpx

6.3 Business and the International Economy

Business must increasingly have an international outlook to survive and thrive. 6.3 is all about examining the opportunities and threats for all businesses, and stakeholders in the interconnected global economy. You may be asked questions like this:

Past Paper Question Example 
Paper 1  (c) Outline how the appreciation of country B’s exchange rate might affect ABC. [6]
Paper 2 (a) Explain four reasons why globalisation may impact a business [8]

6.3.1 The Importance of Globalisation

The concept of globalisation and the reasons for it

Globalisation is the increased interconnectedness and worldwide movement of goods, services, capital and people.

Globalisation impacts every business and consumer.

"Come on in!"

 

Upgrade to access ALL this content

 

Already a member? Log in below:

 

Scroll to Top

WHERE CAN WE SEND YOUR EXAM SKILLS GUIDE?

Join our newsletter and improve your grades – fast! 🎁
A-level and IGCSE Sign Up Jan2022 (#29)