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EDEXCEL A-LEVEL 2023 BUSINESS PAPER 1 MARK SCHEME EXAM 2024/2025 | ACCURATE AND VERIFIED EXAM QUESTIONS AND ANSWERS FOR GUARANTEED PASS | LATEST UPDATE£14.34
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EDEXCEL A-LEVEL 2023 BUSINESS PAPER 1 MARK SCHEME EXAM 2024/2025 | ACCURATE AND VERIFIED EXAM QUESTIONS AND ANSWERS FOR GUARANTEED PASS | LATEST UPDATE
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Module
EDEXCEL A L
Institution
EDEXCEL A L
EDEXCEL A-LEVEL 2023 BUSINESS PAPER 1
MARK SCHEME EXAM 2024/2025 |
ACCURATE AND VERIFIED EXAM
QUESTIONS AND ANSWERS FOR
GUARANTEED PASS | LATEST UPDATE
EDEXCEL A-LEVEL 2023 BUSINESS PAPER 1
MARK SCHEME EXAM 2024/2025 |
ACCURATE AND VERIFIED EXAM
QUESTIONS AND ANSWERS FOR
GUARANTEED PASS | LATEST UPDATE
Edexcel - ✔✔ANSW✔✔..The largest awarding body in the
UK, providing academic and vocational qualifications.
RCEP trading bloc - ✔✔ANSW✔✔..Regional
Comprehensive Economic Partnership, a trading bloc
formed by several countries.
globalization - ✔✔ANSW✔✔..The process of economies
and cultures becoming more interconnected on a global
scale.
standardizing - ✔✔ANSW✔✔..The act of adopting a
uniform approach across different markets.
adapting - ✔✔ANSW✔✔..Modifying products or strategies
to suit local market needs.
ethnocentric approach - ✔✔ANSW✔✔..Standardizing
based on the practices of the home country.
, geocentric/polycentric approach - ✔✔ANSW✔✔..Adapting
based on the specific needs of the local market.
USP - ✔✔ANSW✔✔..Unique Selling Proposition, a
distinctive feature or benefit that sets a product apart from
its competitors.
brand loyalty - ✔✔ANSW✔✔..The commitment of
customers to a particular brand.
global distribution - ✔✔ANSW✔✔..The distribution of
products worldwide, reaching customers in different
countries.
containerisation - ✔✔ANSW✔✔..The practice of
transporting goods in standardized containers for efficient
logistics.
computer games market - ✔✔ANSW✔✔..The market for
video games, including console, PC, and mobile gaming.
global interdependence - ✔✔ANSW✔✔..The degree to
which countries rely on each other economically and
socially.
cultural factors - ✔✔ANSW✔✔..Influences on consumer
behavior based on customs, traditions, and beliefs.
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