4.2.1 Conditions that prompt trade

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Define push factor

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Factors push a business to expand outside of its domestic country

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Define pull factors

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Factors that attract a business to operate within markets abroad

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4 Terms

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Define push factor

Factors push a business to expand outside of its domestic country

2
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Define pull factors

Factors that attract a business to operate within markets abroad

3
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Define offshoring

When a company moves part of the production process, or all of it, to another country.

4
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Define outsourcing

When a business hires an external organisation to complete certain tasks or business functions.