the changing business environment

Questions 2

Globalization is often praised for its role in economic development but criticised for its environmental impacts. There have been winners and losers for countries, businesses, and individuals.

Discuss ways on how a global collaboration could reduce the environmental impact, while still supporting economic development. Provide THREE well explainedsuggestions.

Question 3 [20 Marks]

The Covid-19 pandemic has affected the stability and certainty in the global business environment. Growth forecasts for all regions around the world have been severely downgraded.

Discuss THREE economic challenges companies face, especially those that have taken a global view of their business strategies.

Question 4 [20 Marks]

Governments often feel responsible for the economic well-being of their citizens.

Discuss THREE different ways in which a government’s trade policy can be shaped by national interests.

Question 5 [20 Marks]

The Product Life Cycle theory suggests that manufacturing is often shifted to lower cost

locations. To lower the cost of production, manufacturing companies in these locations often

use migrant labour.

List FOUR main elements of organisation culture; and

Discuss TWO social and cultural challenges of the use of migrant labour for manufacturing companies involved in global supply chains.

[END OF EXAM]