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Edexcel IAL Business · WBS14
Unit 4WBS14

Global Business
the global perspective

Complete revision notes for Unit 4. Globalisation, global markets, international marketing and multinational corporations — everything you need for WBS14.

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4.3.1 — Globalisation
🔑 Key idea
Globalisation is the increasing integration of the world’s economies through trade, investment and technology — creating both opportunities and challenges for businesses.
Trade liberalisation — removal of barriers to trade through trade blocs and WTO agreements.
MNCs — multinational corporations drive FDI but raise ethical and environmental concerns.
Trade barriers fall
Markets expand
MNCs invest abroad
Global interdependence
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Unit overview

What you need to know for WBS14

🌍
Globalisation is a double-edged sword
Trade creates winners and losers. Always evaluate both sides — economic growth and job creation vs inequality, cultural erosion and environmental damage.
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Entry strategy depends on context
Exporting, licensing, franchising, JVs and FDI each carry different levels of risk, cost and control. Match the strategy to the market conditions and business resources.
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Glocalisation is the sweet spot
The best global businesses balance standardisation (cost efficiency) with adaptation (local relevance). Use Bartlett & Ghoshal to frame your analysis.
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MNCs face ethical scrutiny
Transfer pricing, labour standards and environmental impact are key evaluation themes. Examiners want you to weigh economic benefits against ethical concerns.
Exam paper info

WBS14 at a glance

Assessment details
Exam paperWBS14
Duration2 hours
Total marks80 marks
% of A-Level25%
Question types4820
Data responseYes — Section A
Essay questionsSection B — choose 1 of 2
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