Economics B A-Level
Global supply chains
What Global supply chains means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Global supply chains
Check what you remember
Read the wording for your board, then hide it and explain Global supply chains in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Created by offshoring and outsourcing, increasing the cross-border flow of goods and services as firms seek to maximise efficiency and reduce average costs.
Topics that use Global supply chains
- Conditions that prompt trade (Pearson Edexcel A-Level)
Related terms
- Capacity utilisation
- Domestic competition
- Economies of scale
- Extension strategies
- Fixed costs
- International competitiveness
- International trade
- Market saturation
Using Global 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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