Business Structure A levels

Question	Answer
Local Business	A business that operates in a small and well-defined area
National Business	Businesses that have branches or operations across most of the country.
International Business/ Multinational Business	Businesses that have their headquarters in one country but with operating branches, factories and assembly plants in other countries
Free Trade	No restrictions or trade barriers exist that might prevent or limit trade between countries.
Tariffs	Taxes imposed on imported goods to make them more expensive than they would otherwise be.
Quotas	Limit on the physical quantity or value of certain goods that may be imported.
Voluntary Export Limits	An exporting country agreeing to limit the quantity of certain goods sold to one country.
Protectionism	Using barriers to free trade to protect a country's own domestic industries.
Globalisation	The increasing freedom of movement of goods, capital and people around the world.
Privatisation	Selling state owned and controlled business organisations to investors in the private sector

Resource summary

	Created by Aarushi Pandit about 10 years ago