Practice Flashcards: A-Level Business: Global Business and the External Environment | Zestly

Question 1

Appreciation of a currency

Accepted Answer

An increase in the value of a currency relative to others. A common mistake is thinking this makes a country's exports cheaper for foreign buyers.

Question 2

Depreciation of a currency

Accepted Answer

A decrease in the value of a currency relative to others. Students often mistakenly believe this makes imported goods cheaper.

Question 3

Exporting

Accepted Answer

Selling goods or services produced in one country to buyers in another. The mistake is ignoring the impact of transport costs and exchange rate volatility.

Question 4

Licensing

Question 5

Joint venture

Question 6

Foreign direct investment (FDI)

Question 7

Tariff

Question 8

Quota

Question 9

Multinational

Question 10

Corporate social responsibility (CSR)

Question 11

Stakeholder

Question 12

Shareholder primacy