International Trade and Business Growth

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A-Level Business

Edexcel

Global Business

Kindergarten

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8 Terms

1
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What is exporting?

Selling products out of the country

2
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What is importing?

Buying products from other countries

3
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What is division of labour?

Giving each worker a task so that they become specialised

4
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What are the advantages of specialisation?

  • Quality

  • Efficient

5
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What is specialisation?

Expertise on a task/subject

6
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What is FDI?

Cross-border investments

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Does FDI result in shares?

If the purchase leads to the investor controlling more than 10% of the company

8
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What are the benefits of FDI?

  • Growth

  • Resources

  • Job opportunities

  • Access to new markets and partners