Edexcel A Level Business Theme 4.2 Study
Guide Exam And Actual Answers.
Pull factors - Answer Factors that entice firms into new markets and are the opportunities that
businesses can take advantage of when selling into overseas markets
Push factors - Answer Factors in the existing market that encourage an organisation to seek
international opportunities
Risk - Answer The probability of a (bad) event happening multiplied by its (negative) impact
Saturation - Answer The point when most of the customers who want to buy a product already have it,
or there is limited remaining opportunity for growth in sales
Disposable income - Answer The amount of money that a person has left over after they have paid
their taxes, national insurance and other deductions
Exchange rate - Answer The price of one currency against another
Infrastructure - Answer The basic systems, facilities, services and capital equipment required for a
country's economy to function, which might include its roads, communication systems and power
services
Reshoring - Answer Bringing production back home after using foreign production facilities for a period
of time
Trade bloc - Answer A group of countries situated in the same region that join together and enjoy trade
free of tariffs, quotas and other forms of trade barrier
Intellectual property - Answer A product that is a creation of the mind, such as an invention, literary
work or artwork, that the law protects from unauthorised use by others. Types include patents,
copyrights and trademarks.
Guide Exam And Actual Answers.
Pull factors - Answer Factors that entice firms into new markets and are the opportunities that
businesses can take advantage of when selling into overseas markets
Push factors - Answer Factors in the existing market that encourage an organisation to seek
international opportunities
Risk - Answer The probability of a (bad) event happening multiplied by its (negative) impact
Saturation - Answer The point when most of the customers who want to buy a product already have it,
or there is limited remaining opportunity for growth in sales
Disposable income - Answer The amount of money that a person has left over after they have paid
their taxes, national insurance and other deductions
Exchange rate - Answer The price of one currency against another
Infrastructure - Answer The basic systems, facilities, services and capital equipment required for a
country's economy to function, which might include its roads, communication systems and power
services
Reshoring - Answer Bringing production back home after using foreign production facilities for a period
of time
Trade bloc - Answer A group of countries situated in the same region that join together and enjoy trade
free of tariffs, quotas and other forms of trade barrier
Intellectual property - Answer A product that is a creation of the mind, such as an invention, literary
work or artwork, that the law protects from unauthorised use by others. Types include patents,
copyrights and trademarks.
