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What are major forces behind e commerce?
global product, global customers, global market, global resources, etc.
What is meant by global localization?
Customizing a product or service offered by a global entity, according to consumers of specific region is called Global Localization. For Example: Coca-Cola is a global company. It prefers that product offerings from country to country are the same. Prefers, due to system efficiencies, but doesn't insist upon it. For example: Despite being popular in the U.S., there is no Cherry Coke in Canada. It has been introduced a few times and failed each time. There is no local demand for that product. There IS, however, a demand for more Five Alive flavors at a higher juice content so Coca-Cola changes the base product to supply it. That local success is then tested in other countries. Coca-Cola thinks globally but acts locally.
The growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
In the time of global market, the country with absolute advantage has more priority to open wider the global market by having a monopoly on producing a specific product that other countries cannot produce. For the country with comparative advantage, it seems that it cannot stand steadily in the global market, because the quality of their products and what they can produce, the other countries can also produce, so they are facing the risk.
What is the definition of Iso-product in Economics?
ISO stands for the International Organization for Standardization, this organization assists in holding manufacturers product to certain standards on a global scale. These standards enable products and services of different origins to be compatible and interoperable globally.
What are the different stages of international business environment?
international business (involves export and import), multinational business (adaptive, product suited to local/host market), global(coordinated product offering) and transnational business (different functional heads in different countries).
What are major forces behind e commerce?
global product, global customers, global market, global resources, etc.
An example of global dependency on a product?
condems
What is the affect of global outsourcing?
Global outsourcing is purchasing inputs from overseas suppliers or producing a product overseas, so as to lower production costs and/or raise the quality of the product.
Is chocolate a global product from farm to the trade?
Yes, yes it is
Is jam Australian?
Jam is World wide, it is a global product
How can enter in global market with new product?
Do it through a joint venture with the firm of some complementary product
What two fundamental product strategies do companies choose between when selling their products in the global marketplace?
what two fundamental product strategies do cpmpanies choos between when selling their products in the global marketplace
What is customer structure?
when customers around the world are willing to buy the same kind of product, or slight variations thereof, managers are mo lekely to pursue a ____ structure. A. Market B. Customer C. Global geographic D. Global Transitional E. Global Product
What is a global shopping bag?
global shopping bag is a massive global business trade around the world e.g the product of nike from asia is transported to europe and across the world
How does the FCPA affect global operations?
it benefits your customers. the product life cycle??
The main product that brought India into the global economy in the late 1800s was?
Cotton
What is meant by global market what are its characteristics explain the traits of global market?
A product or service is sold or can be sold throughout the world,not just on one continent
