Process
Edexcel A-Level Business 9BS0
Meeting Customer Needs
Marketing Mix and Strategy
Managing People
Entrepreneurs and Leaders
Financial Planning
Managing Finance
Resource Management
External Influences
Business Objectives and Strategy
Decision-Making Techniques
Influences on Business Decisions
Assessing Competitiveness
Globalisation
Global Markets and Business Expansion
Global Marketing
Global Industries and Companies
Global Industries and Companies
- 3 subtopics
- 14 things to know
- Paper 1 and Paper 3
What Global Industries and Companies covers
Global industries and companies closes Theme 4. It covers what a multinational does to the country it operates in, the ethical questions that follow it across borders, and the political, legal and public pressures that hold it to account.
Where it is assessed
Paper 1 and Paper 3
Theme 4, examined on Marketing, people and global businesses, then the pre-released synoptic paper.
Check the Pearson Edexcel specification ↗The 3 subtopics
Each one has its own page.
- The impact of MNCsEffects on local labour, wages and working conditions, on local businesses and communities, and on the national economy through FDI flows, tax and technology transfer.Open →
- EthicsStakeholder conflicts, pay and working conditions, emissions and waste disposal, exploitation of labour in supply chains, and misleading marketing.Open →
- Controlling MNCsPolitical influence and the threat of nationalisation, legal control, pressure groups, boycotts and social media, and the limits on how far each can control a multinational.Open →
What you need to know
Answer each one before you reveal it.
Your recallNot started
Process
How do MNCs affect the local environment, and what are FDI flows?
Process
How do MNC profits affect a host country's balance of payments?
Key term
If an MNC establishes a factory that exports most of its output, what is the likely effect on the host country's current account?
Process
How do MNCs influence business culture in host countries?
Evaluation
What ethical issues arise over pay and working conditions?
Evaluation
What ethical issues arise from waste and emissions?
Key term
What is misleading product labelling, and what is child labour?
Key term
State three examples of inappropriate promotional activities.
Process
How do governments control multinational companies?
Process
How do pressure groups use boycotts against multinationals?
Process
How does public opinion pressure a multinational to change?
Numbers
How does operating across multiple jurisdictions complicate legal control of MNCs?
Key term
Why does public support matter for pressure group effectiveness against MNCs?
Take Global Industries and Companies further
The same content, four other ways.
Commonly confused
Pairs that lose marks when they are blurred together.
Ethnocentric staffing vs Polycentric staffing
Ethnocentric staffing: key overseas roles filled by home-country employees. Polycentric staffing: overseas subsidiaries managed mainly by host-country employees.
Questions from this topic
Each one with the model answer underneath.
- 1
How do MNCs create employment in host countries?
Model answer
By establishing operations that require local workers for production, administration, and support functions.
- 2
Why might MNCs pay higher wages than local firms?
Model answer
To attract skilled workers to their operations.
- 3
What dual effect can MNC wage policies have on local labour markets?
Model answer
They may raise local wage levels overall, but also create wage inequality between MNC employees and non-MNC employees.
- 4
Why do working conditions in MNC operations vary between different host countries?
Model answer
Some MNCs implement higher international standards, while others may exploit weaker local labour regulations to reduce costs.
- 5
How can MNCs negatively impact local businesses through competition?
Model answer
By using economies of scale and superior resources to undercut prices or attract customers away from smaller local firms.
- 6
In what way can MNCs positively impact local businesses?
Model answer
By creating supply chain opportunities where local firms become suppliers or distributors for the multinational.
What is inside Levo
Six ways to work the same material.
Global Industries and Companies revision questions
- What does Global Industries and Companies cover in Edexcel A-Level Business?
- 3 subtopics: the impact of mncs, ethics and controlling mncs. Each one has its own page with questions and model answers.
- How is Global Industries and Companies organised?
- By the Edexcel 9BS0 specification, subtopic by subtopic, so it matches the order you are taught it in.
Every question in Global Industries and Companies, on a schedule.
Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.
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