Question 1: Define globalisation in the context of business.

Answer: Globalisation is the process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of economies worldwide.

Question 2: Explain two ways in which globalisation can benefit a small business in the UK.

Answer: Globalisation can benefit small businesses by providing access to international markets, allowing them to sell products worldwide, and by enabling them to source cheaper or higher-quality materials from abroad, reducing costs and improving competitiveness.

Question 3: Identify and describe one potential challenge that UK businesses face due to globalisation.

Answer: One challenge is increased competition from international companies, which can make it harder for local businesses to attract customers and maintain market share.

Question 4: Describe how advances in technology have supported globalisation in business.

Answer: Advances in technology, such as the internet and communication tools, have made it easier for businesses to communicate, market, and sell products globally, reducing geographical barriers.

Question 5: List two ways in which globalisation can lead to cultural changes within a business.

Answer: Globalisation can introduce new cultural ideas and practices into a business, encouraging diversity and innovation. It can also lead to the adoption of international marketing styles and product preferences.

Question 6: Sketch a diagram to illustrate the flow of goods and services in a globalised economy. Label the key components and arrows.

Answer: A correct sketch should depict multiple countries connected by arrows indicating the movement of goods, services, and capital, with labels such as 'exports', 'imports', and 'investment flows'.

Question 7: Discuss one environmental concern associated with globalisation and how it might affect businesses.

Answer: One concern is increased carbon emissions from transporting goods across long distances, which can lead to stricter environmental regulations and increased costs for businesses.

Question 8: Sketch a simple diagram showing the relationship between multinational companies, local businesses, and consumers in a globalised economy.

Answer: A correct sketch should show multinational companies at the top, local businesses in the middle, and consumers at the bottom, with arrows indicating how multinational companies supply local businesses and reach consumers globally.

Question 9: Explain how globalisation might influence the marketing strategies of a UK clothing retailer.

Answer: Globalisation allows the retailer to target international markets through online marketing, use global trends to influence designs, and adapt advertising to different cultural preferences to attract a wider audience.

Question 10: Identify one positive and one negative impact of globalisation on employment within the UK.

Answer: A positive impact is the creation of new jobs in export-related industries, while a negative impact is job losses in sectors that face competition from cheaper imported goods.

Question 11: Draw a flowchart showing how a UK business might expand internationally through globalisation.

Answer: A correct flowchart would include steps such as market research, choosing a target country, establishing distribution channels, marketing internationally, and adapting products for local markets, with arrows connecting each step.