A2 business studies unit 3 international business 3.1 A

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What is the definition of a tariff
taxes on imported goods
1 of 5
what is the definition Trade liberalisation
refers to the process of removing barriers to trade
2 of 5
why would market saturation be a push factor for a business to trade internationally
because it has become difficult to expand sales further in that particular market
3 of 5
what is the definition of offshoring
locating production to a foreign country
4 of 5
what is the definition of economies scale
a reduction in the advrage cost of production brought about by the increase in the size and scale of the business
5 of 5

Other cards in this set

Card 2

Front

what is the definition Trade liberalisation

Back

refers to the process of removing barriers to trade

Card 3

Front

why would market saturation be a push factor for a business to trade internationally

Back

Preview of the front of card 3

Card 4

Front

what is the definition of offshoring

Back

Preview of the front of card 4

Card 5

Front

what is the definition of economies scale

Back

Preview of the front of card 5

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