1294184
Mind Map by caitiemccaughan, updated more than 1 year ago
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Created by caitiemccaughan
over 5 years ago
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0
Description
GCSE Globalisation Mind Map
1 Consumers
1.1 Benefits
1.1.1 Variety of products and services
and a larger range of
goods/service providers
1.1.2 Increased competition
can lead to better value
2 For N.I
2.1 Benefits
2.1.1 Building relationships with
countries around the world
2.1.2 Opportunity to trade on an equal basis
with countries all over the world
2.1.3 Attracting investment in Jobs/communities
2.2 Drawbacks
2.2.1 More competition for local businesses
2.2.2 Transport arrangements can be expensive and
take time to organise, businesses will be losing
money
2.2.3 Pressure may be on employees to
travel around with business-N.I will lose
highly qualified people
3 Employees
3.1 Benefits
3.1.1 Opportunity for employees to gain new
skills or promotion as the business
expands and new job roles become
available
4 Business
4.1 Drawbacks
4.1.1 Transport arrangements are
expensive and take time to organise,
may mean the business may lose
money in the short term
4.1.2 Language Barriers- it can be
difficult to communicate in
markets with customers where a
different langguage is spoken
4.1.3 Closure of businesses due to the
increased competition of being in a
global market meaning employees lose
their jobs
4.1.4 Global Market-business from other
countries can compete for a share in the
local market
4.1.5 Flunctuation in money markets- if a business is
importing into the UK the price of the good will
depend on the strength of the pound against the
currency of another country e.g. if Tesco buys
Belgian chocolates at one euro a unit, it will cost
more if one euro is worth 90p than another worth
70p
4.2 Benefits
4.2.1 Globalisation gives a business a larger
market and so this could lead to
increased trade
4.2.2 Export opportunities in a global market, which can lead to
increased profit for a business which can lead to more
employment
4.2.3 Businesses have the opportunity to lear more efficient
methods through the sharing of ideas with other countries in
the global market to have a wide variety of business methods