Economics B A-Level
Business competition and supply chains
What Business competition and supply chains means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Business competition and supply chains
Check what you remember
Read the wording for your board, then hide it and explain Business competition and supply chains in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Local firms may benefit from technology transfers and supply chain contracts, but can also be outcompeted by the MNC's economies of scale, causing closures.
Topics that use Business competition and supply chains
- The impact of multinational corporations (MNCs) (Pearson Edexcel A-Level)
Related terms
- Balance of payments
- Environmental externalities and sustainability
- Foreign direct investment
- Labour markets and exploitation
Using Business competition and supply chains 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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