Manufacturing in Uk

In: Business and Management

Submitted By cam123
Words 299
Pages 2
Business 4 research topic on Manufacturing

Globalisation: Worldwide growth of multinational companies’ international integration of the world’s economy, the spread of free markets and the policies of liberalisation and free trade. Manufacturing: The process of converting raw materials, components or parts into finished goods that meet customers’ expectations.

|Industry |Globalisation |Technology |Environment |Macroeconomics |Government policy |Competitiveness of businesses|
|Trunki |Idea to change the design and |Advancement made in machinary |Using advanced technology |Unemployment fell in the UK as changing | |Moving back to the UK may |
|Trunki sell accessories|make of the product from what |enabled innovative products to be |reduced carbon footprint, less |location base from China to UK created | |result to more competition |
|for children e.g. hand |it was before i.e. overseas |made, improved efficiency, quality|pollution, ethically correct. |jobs, economic growth | |from foreign firms. |
|luggage suitcase. |buyers may see the culture of |but can costly e.g. maintenance | |Exchange rate-less complications as Trunki| | |
| |the product changed to |cost/ breakdown/purchasing. | |could buy and sell in the same currency. | | |

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