- 12 Marks
BMIS – May 2017 – L1 – Q7a – The external environment
Explain the concept of globalization, its key features, and the factors encouraging its spread in world trade.
Question
The concept of globalization has become a major discussion theme in both professional and business environments. A number of factors have been identified as encouraging globalization of world trade.
Required:
i) Explain globalization. (2 marks)
ii) Identify any FOUR features of globalization. (4 marks)
iii) Explain any FOUR factors encouraging the globalization of world trade. (6 marks)
(Total: 12 marks)
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