Tropical Fruits Ltd exports fresh produce worldwide. Globalisation meant the company experienced significant growth after 2020, when more supermarkets began sourcing fruits globally.
Define the term 'globalisation'.
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Heritage Textiles PLC manufactures traditional clothing and fabrics. In 2024, HTP noticed that improvements in technology have made it easier for artisans to sell their products across national borders.
State two ways technology has impacted global business connections.
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Culinary Experts Ltd is experiencing challenges recruiting skilled chefs locally. The company is considering hiring international talent as more countries reduce restrictions on worker movement across borders.
State two factors that have led to increased labour movement across borders.
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Cotton Traders PLC operates in international textile markets where trade barriers have been significantly reduced. In 2024, CTP's financial reports highlighted the impact of free trade on their business model.
Define the term 'free trade'.
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Heritage Furniture PLC competes with global brands in their domestic market. To maintain market share, HFP emphasises their local craftsmanship and community connections in their marketing.
State two ways domestic businesses can compete with global brands.
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Automotive Parts PLC, a large MNC, recently moved its manufacturing facilities to Thailand. The company cited lower costs as a key factor in their decision.
State two cost advantages that attract MNCs to specific countries.
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Tech Solutions International PLC develops software in emerging economies. Local communities have noted improvements in digital infrastructure while expressing concerns about the company's policy of transfer pricing on domestic businesses.
Define the term 'transfer pricing'.
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Nike, a multinational company, manufactures products in several Southeast Asian countries. Production costs in these locations are significantly lower. This allows the company to maximise its profits.
Describe one cost advantage of becoming a multinational company.
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