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Aussie Machinery and Farm Supplies (AMFS) was nominated for the 2005 Australian Exporter of the Year Award - HSC - SSCE Business Studies - Question 23 - 2006 - Paper 1

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Question 23

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Aussie Machinery and Farm Supplies (AMFS) was nominated for the 2005 Australian Exporter of the Year Award. AMFS has a reputation for superior environmentally respon... show full transcript

Worked Solution & Example Answer:Aussie Machinery and Farm Supplies (AMFS) was nominated for the 2005 Australian Exporter of the Year Award - HSC - SSCE Business Studies - Question 23 - 2006 - Paper 1

Step 1

Identify ONE feature of globalisation.

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Answer

One feature of globalisation is the interconnectedness of markets. This includes the integration of economies, where businesses can operate across national borders, allowing for more competition and increased access to resources.

Step 2

Describe ONE trend in globalisation that may have contributed to the growth of AMFS.

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Answer

One trend in globalisation that may have contributed to the growth of AMFS is the expansion of free trade agreements. These agreements have reduced tariffs and barriers between countries, enabling AMFS to access new markets more easily and increase its international sales. Additionally, the growth in the global economy and the demand for environmentally responsible products have allowed AMFS to leverage its reputation and competitive advantage in sustainable practices to attract more customers worldwide.

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