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What is a global conglomerate?

A conglomerate is a organisation / company which operates in many sectors, which have no apparent relation or business synergy among them. A good example of a conglomerate would be the Japanese Matsushita Corporation. For a conglomerate to be termed global, a substantial portion of the turnover and the profits o f the conglomerate should be derieved from global markets - i.e., outside the home market.


What must entrepreneurs consider when entering the global market?

They should learn international trade laws, local laws of each country of presence. Allso good to know about trade agreements betwen countries .


What is the most effective price for this product?

The most effective price for a product is the one that maximizes profit by balancing customer demand and production costs. It should be competitive in the market while still providing a good return on investment for the company.


How can I start a successful cabin rental business?

To start a successful cabin rental business, you should first research the market and location, create a unique and appealing cabin experience, set competitive pricing, market your cabins effectively, provide excellent customer service, and maintain the cabins well to ensure customer satisfaction and repeat business.


How can I successfully start a cabin rental business?

To successfully start a cabin rental business, you should first research the market and location, create a business plan, secure necessary permits and licenses, set competitive pricing, market your cabins effectively, provide excellent customer service, and maintain the cabins well to ensure customer satisfaction and repeat business.

Related Questions

How should Airasia respond to the destruction posed by characterize the competitive dynamics in this market?

competitive dynamics: adoption the copmetitive responds and action taken by firm in market.


You should check out the global food selection at with san Fran market?

Ferry Building merchants


What element should marketing managers consider when scanning the competitive environment?

Marketing managers should consider factors such as the number of competitors in the industry, their market share, product offerings, pricing strategies, and overall competitive positioning. Understanding these elements can help the marketing team identify threats and opportunities in the market and develop effective strategies to gain a competitive advantage.


Why should manufacturers be creative?

Creative manufactures make innovations and therefore are more competitive on the market. Creativity helps lower production costs - and also be more competitive. Creativity helps making more attractive products.


What should you do to regain control of your car when hydroplaning?

dont press on the brakes .


What should a new court researcher charge?

A new court researcher should likely charge competitive rates since he will need to obtain work despite the presence of more experienced players in the market. He should investigate the existing market in his area to ascertain what the going rate is. He should try to negotiate work in that ballpark and adjust his rates as necessary to obtain work and maximize profit.


What should you do to regain his love?

There is only one thing I can say to regain someone else love, it is by encouraging him to find a friend who may lead him into happiness in life.


What are the most important countries in which a global business should participate today and why?

China, India and the European markets are emerging and the money is there. The US market is also quite lucrative.


How do you regain your erection if you went soft?

IF that should ever happen go to your neighbour.


Did Hitler believe Germany should regain the power it had in ancient times?

Yes.


Should there be competitive exams?

I believe that competitive exams should be held as the child can prove himself if he is unable to do so as there are many subjects in school. And it should be optional. Children should decide whether they want to take part in some competitive exams or not. Parents should also keep in mind that thy should not force their children to take part. Thus competitive exams should be held and the child should decide if he wants to take part


How can one determine their comparative advantage in a competitive market?

To determine their comparative advantage in a competitive market, an individual or business should assess their strengths and weaknesses in producing goods or services compared to others. This involves identifying what they can produce more efficiently or at a lower opportunity cost than their competitors. By focusing on their comparative advantage, they can specialize in producing what they are best at and trade with others to maximize overall efficiency and profitability.