A2 business studies unit 3 international business 3.1 A

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1. what is the definition of economies scale

  • it has become difficult to expand sales further
  • a reduction in the advrage cost of production brought about by the increase in the size and scale of the business
  • stands for Brazil Russia and China
  • investing in a country other then the one head office is located
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2. why would market saturation be a push factor for a business to trade internationally

  • sales of the product are declining
  • government have a limit on how big a company can grow
  • because it has become difficult to expand sales further in that particular market
  • There is a lot of competition from similar products

3. What is the definition of a tariff

  • a group of countries where barriers to trade are reduced or eliminated
  • taxes on imported goods
  • refers to the process of removing barriers to trade
  • refers to the many phases a product goes through

4. Which of these is not a pull factor for a business to trade internationally

  • saturated domestic market
  • global sourcing
  • risk spreading
  • economies of scale

5. what is the definition Trade liberalisation

  • a group of countries where barriers to trade are reduced or eliminated
  • locating production to a foreign country
  • refers to the process of removing barriers to trade
  • taxes on imported goods

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