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EDEXCEL A LEVEL BUSINESS THEME 4 EXAM 2024/2025 | ACCURATE AND VERIFIED EXAM QUESTIONS AND ANSWERS FOR GUARANTEED PASS | LATEST UPDATE$17.99
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Balance of payments - ✔✔ANSW✔✔..A record of a
country's trade/transactions with the rest of the world
BRICS - ✔✔ANSW✔✔..Brazil, Russia, India, China &
South Africa
Business specialisation - ✔✔ANSW✔✔..When businesses
concentrate on producing specific goods
Common markets - ✔✔ANSW✔✔..Members agree to the
removal of trade barriers as well the freedom of movement
of factors of production
Custom unions - ✔✔ANSW✔✔..Members agree to the
removal of trade barriers and a common approach to trade
barriers to countries outside the BLOC
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