Business Studies

Pregunta	Respuesta
What is an Exchange rate?	Is the price at which one currency can be traded for another.
List 5 main methods of restricting imports.	Quotas/ Tariffs/ Subsidies/ Product Safety Standards/ Government favouritism
Why are many firms changing their product and packaging to become more environmentally friendly?	Businesses are becoming more worried about the environment and some want a "Green Image."
What causes can arise from overspecialisation of an economy?	Overspecialisation can create vulnerability due to market/climate/cost changes.
how has the EU promoted "Free Trade" between member countries?	They made it a single market, allowed free migration and travel, there are no trade barriers for import and export and therefore costs are reduced.

Resumen del Recurso

	Creado por cj.khattri hace más de 10 años