1) What is Globalisation? a) The ways in which products are transported from the manufacturer to the consumer b) Buying and selling goods or services over the internet. c) How countries of the world exchange goods, services & ideas d) When profits are sent back to the home country of the TNC 2) Globalisation has resulted in a) Increased international trade b) Less use of technology c) More choice for consumers d) More expensive products 3) What are some reasons for Globalisation? a) Consumer demands b) Improvements in technology c) Economies of scale d) Barriers to trade 4) What does WTO stand for a) World Trade Offers b) World Tourism Organisation c) World Tarriffs Organisation d) World Trade Organisation 5) What is the role of the World Trade Organisation? a) Review global marketing mistakes by TNCs b) Ensure that trade flows as smoothly and freely as possible between countries c) Provide new jobs and skills for local people d) Buying and selling goods or services over the internet 6) Define Economies of scale  a) The cost of producing each unit decreases due to an increase in production/bulk buying of raw materials b) When companies have their head office in one country and operate in several different countries c) Ways in which products are transported from the manufacturer to the consumer d) Buying and selling goods or services over the internet 7) Advantages of using air delivery systems? a) Traffic delays b) Good for perishable products c) Door-to-door deliveries are possible d) Fast 8) What are the positive impacts of globalisation? a) Greater choice b) More employment: TNCs provide new jobs and skills for local people c) More carbon emissions d) Benefits the rich more than the poor 9) Define Foreign Direct Investment (FDI)  a) When companies have their head office in one country and operate in several different countries b) The ways in which products are transported from the manufacturer to the consumer c) Means buying and selling goods or services over the internet d) When a foreign company invests in a country, perhaps by building a factory or a shop 10) What are some factors attracting TNCs (Transnational companies) to countries? a) Cheap raw materials b) Government policies c) Labour availability d) Barriers to trade 11) What are some factors that attract TNCs (Transnational companies) to Ireland? a) Part of the EU free trade area b) Attractive corporation tax c) Highly skilled workforce d) Suitable for bulky goods 12) What are the negative impacts of globalisation? a) More employment b) More carbon emissions c) Benefits the rich more than the poor d) Economies of Scale 13) What are the disadvantages of e-commerce? a) Greater choice b) Fraud c) Lower prices d) Expensive / Inconvenient to return items 14) What are the advantages of e-commerce? a) Greater choice b) Fraud c) Lower prices d) Expensive / Inconvenient to return items 15) What is Free Trade? a) When a foreign company invests in a country b) When countries can buy and sell without any barriers or restrictions to trade between them; there are no quotas, tariffs or embargos c) When the cost of producing each unit decreases due to an increase in production/bulk buying of raw materials d) Buying and selling goods or services over the internet 16) How has globalisation impacted on global businesses? a) Increased international trade opportunities b) More customers c) Less customers d) More difficult communication systems 17) How has globalisation impacted on local businesses? a) Increase in customer loyalty b) No need to advertise c) Made it easier to operate d) May be forced to close due to competition 18) Define Transnational Company  a) Buying and selling goods or services over the internet b) Are companies that carry out business in many other countries as well as its own c) How the countries of the world exchange goods, services & ideas d) When profits are sent back to the home country of the TNC 19) Define delivery systems  a) The cost of producing each unit decreases due to an increase in production/bulk buying of raw materials b) When companies have their head office in one country and operate in several different countries c) Ways in which products are transported from the manufacturer to the consumer d) Buying and selling goods or services over the internet 20) Define e-commerce  a) When profits are sent back to the home country of the TNC b) When companies have their head office in one country and operate in several different countries c) Ways in which products are transported from the manufacturer to the consumer d) Buying and selling goods or services over the internet 21) Define repatriation of profits  a) When profits are sent back to the home country of the TNC b) When companies have their head office in one country and operate in several different countries c) Ways in which products are transported from the manufacturer to the consumer d) Buying and selling goods or services over the internet 22) Advantages of delivering products by road a) Door-to-door deliveries possible b) More carbon emissions c) Minimum handling of goods d) Traffic delays 23) Disadvantages of delivering products by road a) Traffic delays b) More carbon emissions c) Minimum handling of goods d) Door-to-door deliveries possible 24) Advantages of delivering products by sea a) Good for bulky items b) Cheaper than transporting by air c) Weather conditions may delay delivery d) Slow 25) Disavantages of delivering products by sea a) Good for bulky items b) Cheaper than transporting by air c) Weather conditions may delay delivery d) Slow

Globalisation

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