Business GCSE
Importing and exporting
What Importing and exporting means in Business GCSE, as defined for AQA.
Definition of Importing and exporting
Check what you remember
Read the wording for your board, then hide it and explain Importing and exporting in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A business that imports and/or exports is affected by exchange rates through the cost of imports and the price of exports abroad.
Topics that use Importing and exporting
- Globalisation (AQA GCSE)
Related terms
- Competition
- Competitive pressure
- Competitiveness
- Cost and benefit
- Customer needs
- Differentiation
- Exchange Rate
- External risk and opportunity
Using Importing and exporting in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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