2.1.3 Impact of Globalization — Edexcel Business 1BS0

Assess the influence of globalization on businesses, evaluating the challenges of overseas competition against the opportunities of international sourcing and importing.
Explain the strategic benefits and logistical challenges of exporting goods and services to foreign markets.
Analyze the driving factors behind and consequences of altering business locations within a globalized economy.
Understand the role, structure, and operational dynamics of multinational corporations.
Describe the primary barriers to international trade, specifically focusing on the implementation of tariffs and the formation of trade blocs.
Evaluate how modern enterprises compete on a global scale through the deployment of e-commerce and internet technologies.
Explain how adapting elements of the marketing mix is essential for successful international competition.

Impact of Globalization