Quiz: Local, National and Global Markets
Cambridge OCR Level 3 Advanced GCE in Business H431
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Building on what you've learned about factors of production and business sectors, let's test your knowledge of local, national and global markets!
What is a local market?
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Which of the following are characteristics of global markets? (Select all that apply)
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The {{blank0}} market involves businesses operating across {{blank1}}.
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Match the items on the left with their correct pairs on the right
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A business has £500 in revenue and £300 in costs. What is its profit?
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Which of the following is an advantage of operating in a global market?
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What are the possible impacts of exchange rate changes on global markets? (Select all that apply)
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Match the items on the left with their correct pairs on the right
Which sector is most likely to be affected by changes in global markets?
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