The impact of globalisation on businesses - EduqasThe impact of multinationals setting up in the UK
In business, globalisation means operating on an international scale to provide or produce goods and services. Almost all of the goods we use are made of parts sourced from around the world.
As businesses grow and increase the scale of their operations, operating overseas in several countries becomes a real possibility. For example, for a food takeaway business, this could mean opening outlets in other countries in order to access new markets of customers. Alternatively, for an online business, this could mean developing a website in a foreign language and opening distribution centreA distribution centre stores products in a warehouse or other large building, to be distributed to retailers and wholesalers. in a foreign country.
Multinationals setting up in the UK impact the country in a number of ways.