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3 marksImpact of Globalisation on Business

CAPE Management of Business Unit 1 · 2015 · Paper 2 · Question 2(a)

Mr Star runs a small retail and repair shop for computers and mobile phones on a Caribbean island. In a globalized economy, he is concerned about business survival amidst rising competition from entering large corporations.

Define the term 'trade liberalization', giving an example.

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  1. 2(b)(i)Outline how relevance as a feature of information is important to Mr Star in light of the globalized economy.[2 marks]
  2. 2(b)(ii)Outline how accuracy as a feature of information is important to Mr Star in light of the globalized economy.[2 marks]
  3. 2(b)(iii)Outline how timeliness as a feature of information is important to Mr Star in light of the globalized economy.[2 marks]
  4. 2(c)Discuss TWO positive and TWO negative impacts of globalization on Mr Star's business.[16 marks]

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