Practice Threat To Local Industries (4.5.2.1) - Globalisation and Recent Trends in Business

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8 questions

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6 sample questions

Question 1.
What does globalisation mean in simple terms?
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Think about how products are traded internationally.
Question 2.
Name one advantage that MNCs have over local businesses.
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Consider the funding and capital aspect.
3Question 3.
What is one major threat to local industries due to globalisation?
- Increased local employment
- Competition from MNCs
- Higher prices for consumers
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Consider why local businesses struggle.
4Question 4.
True or False: Cultural erosion is a positive outcome of globalisation.
- True
- False
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Think about what cultural erosion implies.
Question 5.
Evaluate how the decline of local industries can lead to broader economic crises in a region.
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Consider the cascading effects of economic downturns.
Question 6.
Create a proposal for a local government initiative that aims to boost local businesses against global competition.
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Think about how to leverage community resources.

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