Economic trading blocs Study guides, Revision notes & Summaries

Global Reach - answer-international penetration of U.S. and other companies intra-firm trade - answer-MNCs managing international trade flow within themselves. Domestic Marketing - answer--domestic focus. -ethnocentric -products developed for home country customers -decisions made at headquarters Ethnocentrism - answer--a predisposition of a firm to be predominantly unconcerned with its viability worldwide and to think of its legitimacy only in its home country. -the feeling of on...

Apple Inc. is a global technology company based in the United States, specializing in hardware and software products, with a yearly revenue of 91.8 billion dollars in 2020. Louis Vuitton (LVMH) is a French luxury fashion company, offering designer clothes, bags, and accessories, with revenues of 44.7 billion euros and over 5,003 outlets worldwide. Both companies operate in contrasting international markets due to differences in industries, products, and marketing strategies. Globalization has...

A-level GEOGRAPHY 7037/2 Paper 2 Human Geography Mark scheme June 2020Section A Qu Part Marking guidance Total marks 01 1 Explain how differential access to markets can impact on economic well-being. Mark scheme Award one mark each for points of knowledge or understanding. Allow extra marks for developed points (d). Notes for answers Allow credit for specific knowledge and understanding of what differential access means and how it affects economic well-being. Do not double credit...

What is the primary motive for market segmentation? - answer-Variation in customer needs When it comes to market segmentation, what will most companies do? - answer-Most companies will identify and target the most attractive market segments that they can effectively serve. In global marketing, why does market segmentation become especially critical? - answer-because of wide divergence in cross-border consumer needs and lifestyles. What does management need to do once it has chosen its m...

UNIT 5-INTERNATIONAL BUSINESS, ASSIGNMENT 1 UNIT 5-INTERNATIONAL BUSINESS, ASSIGNMENT 1 lOMoAR cPSD| Unit 5 International business Assignment 1 Why trade internationally? 1 lOMoAR cPSD| Content Introduction ..........................................................................................................................................3 Methods used to finance international trade......................................................................................4 • Pre...

Globalization The spreading and strengthening of connections between different areas, through which money, information, ideas, and people travel / diffuse International Trading Blocs Trade agreements between different states that encourage the flow of capital by lowering tariff and redistributing jobs (labor intensive in peripheral, R&D in core) 00:03 01:29 EU European Union, a trade agreement kept between most countries of Europe NAFTA North American Free Trade Agre...

Award one mark each for points of knowledge or understanding. Allow extra marks for developed points (d). Notes for answers Allow credit for specific knowledge and understanding of what differential access means and how it affects economic well-being. Do not double credit opposite points such as ‘in a trade bloc means easier trade’ and ‘not being a trade bloc makes trade difficult’. For full marks there should be a link to economic well-being. • Being in a trading bloc incr...

1) Macro-economic objectives 2) The circular flow of income 3) Measures of income/growth 4) Causes of economic growth 5) Economic cycle 6) Inflation 7) Unemployment 8) Balance of payments 9) Trade and protectionist measures 10) Exchange rate and PPP 11) Aggregate demand 12) Aggregate supply 13) Macro-economic equilibrium 14) Output gaps 15) Fiscal policy and crowding out effect 16) Monetary policy 17) Supply side policies 18) Policies to promote economic growth ...

Globalization - ANSWER The spreading and strengthening of connections between different areas, through which money, information, ideas, and people travel / diffuse International Trading Blocs - ANSWER Trade agreements between different states that encourage the flow of capital by lowering tariff and redistributing jobs (labor intensive in peripheral, R&D in core) EU - ANSWER European Union, a trade agreement kept between most countries of Europe NAFTA - ANSWER North American Free Trade ...

1 Explain how differential access to markets can impact on economic well-being. Mark scheme Award one mark each for points of knowledge or understanding. Allow extra marks for developed points (d). Notes for answers Allow credit for specific knowledge and understanding of what differential access means and how it affects economic well-being. Do not double credit opposite points such as ‘in a trade bloc means easier trade’ and ‘not being a trade bloc makes trade difficult’. For...