Globalisation:
LO:
Understand the concept of globalization
Understand the threats and opportunities
globalization for businesses
of
Globalisation – the interaction and integration of
consumers, businesses and economies worldwide
Depreciation – when a currency or an asset loses
value
Appreciation - when a currency or an asset increases
in value
Asset – something of value that a business owns
Imports Exports GDP – Gross Domestic Product – the measure of the
wealth of an economy
GDP per capita – the measure of a county’s wealth
per person
MNC – Multi national companies
Tariffs – a tax on imported goods+