1.5 Business and the international economy

What students need to learn:

1.5.1 Globalisation: 

     concept of globalisation 

      opportunities and threats of globalisation for businesses. 

1.5.2  The importance and growth of multinationals: 

  benefits of a business becoming a multinational 

  benefits to a country and/or economy where a multinational company is      located 

 possible drawbacks to a country and/or economy where a multinational is  located. 

1.5.3  Exchange rate calculation. 

1.5.4  The impact of exchange rate changes: 

    on international competitiveness 

    on importers and exporters.