Question 1: Define the term 'globalisation' as it relates to business.

Answer: Globalisation refers to the process by which businesses operate on an international scale, leading to increased interconnectedness and the expansion of markets across the world.

Question 2: Identify two ways in which globalisation can benefit UK businesses.

Answer: Globalisation can benefit UK businesses by providing access to larger markets for their products and enabling them to source cheaper raw materials or components from other countries.

Question 3: Explain one potential challenge that UK businesses might face due to globalisation.

Answer: One challenge could be increased competition from international companies, which can reduce market share and profit margins for UK businesses.

Question 4: Describe how advances in technology have facilitated globalisation for UK businesses.

Answer: Advances in technology, such as the internet and communication tools, have made it easier for UK businesses to market, communicate, and coordinate with international partners and customers.

Question 5: List three industries that are likely to be most affected by globalisation and explain why.

Answer: Industries such as manufacturing (due to global supply chains), retail (due to international competition), and technology (due to rapid innovation and global markets) are most affected by globalisation because they rely heavily on international trade and markets.

Question 6: Sketch a diagram illustrating a supply chain that includes international components. Label the key stages involved.

Answer: A correct sketch would show a sequence starting with raw materials sourced from another country, followed by manufacturing in the UK, then distribution to retail outlets across different countries. Key labels include 'raw materials', 'manufacturing', 'distribution', and 'retail'.

Question 7: Discuss how globalisation might influence the marketing strategies of UK businesses.

Answer: Globalisation encourages UK businesses to adapt their marketing strategies to different cultures and languages, target international markets, and use digital marketing channels to reach a global audience.

Question 8: Draw a flowchart showing the main stages a UK company might go through to expand internationally.

Answer: A correct flowchart would include stages such as market research, investment or partnership formation, product adaptation, marketing, and establishing distribution channels.

Question 9: Explain the term 'offshoring' and discuss one advantage and one disadvantage for UK businesses.

Answer: Offshoring is when a business relocates some of its operations to another country to reduce costs. An advantage is lower production costs; a disadvantage is potential quality control issues and negative publicity over job losses.

Question 10: Evaluate the impact of globalisation on employment levels in the UK.

Answer: Globalisation can lead to job creation in sectors like exports and international trade services, but it can also result in job losses in manufacturing due to competition from cheaper foreign producers. Overall, the impact depends on the industry and how businesses adapt to global markets.