applied business- global market impact on the business - Causes and effects table in A Level and IB Business Studies

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Created by: ronanmcconnell97
Created on: 15-10-15 13:48

applied business- global market impact on the business

Causes

access to a larger market.
economies of scale
increased profitability

Effects

can export goods to other countries, this gives the business a larger customer base and access to larger profit.
if selling in larger quantities then it should be able to take advantage of 4 economies of scale (financial, marketing,technical &managerial)
this access to a larger market means they should be able to sell more goods as a result it should increase sales and higher profit.

Overall summary

this has a large impact on businesses as if a business does not trade globally then they will be left behind and will not access the points listed above.

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