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Business Globalization
Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.
1,232 Questions
What has led to increased globalization?
Because terrorist attacks are meant to be messages but the media does not report these messages to the public. We do not know what they are trying to tell us so we keep doing what they don't want us to do and they get even more angry.
Why does globalization lead to increasing environmental damage?
Environmental-protection regulations increase compliance costs and decrease economic competitiveness.
How do you convert bbld -barrels per day to mtpa -metric tons per anum?
To convert barrels per day (bbld) to metric tons per annum (mtpa), you need to know the density of the substance being measured. Once you know the density, you can use the formula: mtpa = bbld * 0.1364 * density (in metric tons per cubic meter). This conversion takes into account the volume of a barrel (0.1364 cubic meters) and the density to convert the measurement from volume to weight.
What are the characteristics of globalization that can be linked to education?
Globalization is basically the concept of growing integration world wide by limiting cultural differences, increasing trade, and technology transfer. Characteristics of globalization that can be linked to education are making education more international, Internet facility, a global culture.
What are advantages of globalization?
Advantages of globalization include increased trade between countries, access to a larger market for goods and services, cultural exchange, and opportunities for economic growth and development. Globalization also promotes efficiency and innovation through competition.
Does globalization increase inequality?
Yes and no. Globalization can create employment in developing nations providing more pay and a higher standard of living than previously existed. On the other hand, the low wages and lack of benefits paid to those workers can dramatically increase profits for the owners of capital and factories leading to a wider gap between their wealth and the wealth of workers.
What is the importance of following the rules?
It is vital to follow the rules in sport for the following reasons:
- To maintain the safety of all people involved in the activity.
- To allow the activity to be fair
- To ensure the game is played the same regardless of location
- To enable the performers to understand how the game is to be played or activity is to be carried out.
How is globalization connected with idea of global culture?
Globalization promotes the exchange of ideas, values, and cultural practices across borders, leading to the formation of a global culture. This interconnectedness allows for the sharing of traditions, beliefs, and customs on a worldwide scale, creating a sense of unity and interconnectedness among different societies. Global culture is characterized by a blend of diverse influences, resulting in a more interconnected and culturally diverse world.
Explain the modern concept of marketing?
Modern concept of marketing is different from traditional marketing. The focus is on product satisfaction and customer need. The means is a marketing mix, and the objective is profit through customer satisfaction.
A multidomestic firm is a type of multinational corporation that customizes its products, services, and marketing strategies to meet the specific needs of each local market in which it operates. This decentralization approach allows the firm to adapt to local preferences, regulations, and cultural differences, maximizing its competitiveness in each market.
The Boston Consulting Group (BCG) analysis is a model approach used to assess product portfolios. It emphasizes two main criteria in evaluating a firm's product mix: the market growth rate and the product's relative market share.
What is the recruitment process in multinational companies?
it is the process of planing,strategy and development as well as searching for a pool of potential candiates to fill a vacant post on international level.
What is negative effect of globalization?
Since the economies of the world are becoming more and more linked, when something goes wrong in one country, the effects are felt in other economies too. If for example a terrorist attack takes place in New York, other countries like England and South Africa are likely to suffer from lack of tourists and other things.
What Effects of globalisation on Nigerian culture?
Globalization has made it possible for Nigerians to have access to goods and services that are not available locally. Globalization has also made it possible for Nigerians to access new markets for their products and services.
What is the median household income Argentina?
The Standard of Living in Argentina is Very good. The people, while they may be in an economical crisis, have plenty of money and food on average.
Sincerely,
Dr. J.P. Gordon
Sources: Doctorate in Economical Studies
Why is the world called a global village?
DEFENITION: Global village, is the term used to describe the world shrunk into a village by the means of the different media types, most especially the World Wide Web, making it easy to pass across messgaes (like the news), thereby making the world become like a single village where people can easily contact each other quicker.
PLICATIONS OF GROWING POPULATION IN INDIA
Population growth and its relation to economic growth has been a matter of debate for over a century. The early Malthusian view was that population growth is likely to impede economic growth because it will put pressure on the available resources, result in reduction in per capita income and resources; this, in turn, will result in deterioration in quality of life. Contrary to the Malthusian predictions, several of the East Asian countries have been able to achieve economic prosperity and improvement in quality of life in spite of population growth. This has been attributed to the increase in productivity due to development and utilization of innovative technologies by the young educated population who formed the majority of the growing population. These countries have been able to exploit the dynamics of demographic transition to achieve economic growth by using the human resources as the engine driving the economic development; improved employment with adequate emoluments has promoted saving and investment which in turn stimulated economic growth.
Following are the adverse effects of population growth on the Indian Economy:
1.adverse effects on savings
2. unproductive investment
3.slow growth of Per Capita Income
4.underutilization of labour
5.growing pressure on land
6.adverse effect on quality of population and
7.adverse social impact
Example of an Acquisition Strategy?
Answer 1: Acquisition strategy, from a Project Management perspective, is the procurement strategy for the components/services used in a project.
There are some golden rules which can be treated as the Strategies for Successful Merger or Acquisition Deal.
Before entering in to any merger or acquisition deal, the target company's market performance and market position is required to be examined thoroughly so that the optimal target company can be chosen and the deal can be finalized at a right price.
Answer 2: What the above means is that you should look at a company carefully so that you don't pay more than it's worth.
What forces in the global environment are leading to outsourcing?
Some forces in the global environment that lead to outsourcing include rising costs, low labor and technology. All businesses are interested in reducing costs, so they look for ways to save money.
What advantages do tncs bring to ledcs and medcs?
provide money for industrial projects,helps develop mineral output,improve energy production,improves roads trains,provides new technology,develops trad links with other countries
It improves the countrie's (LEDC's) ecomony.
- Global managers have to be far more inquisitive and outgoing in order to grasp the wealth of information to better manage an international firm.
- Global managers are comfortable with change and uncertainty.
- Ability to connect well with people from diverse culture plays a key role in success of a global manager.
- Have a global mind-set. They think global but act local.
Hope this helps.
What are the different types of international trade?
a) Intra-Industry Trade, b) Inter-Industry Trade, c) Intra-firm Trade, d) Inter-firm Trade
What are the positive and negative effects of globalization on education?
The modern world is a much smaller place than the ancient world! You can talk to someone across the globe, or log onto the internet and communicate with people from every country in the world.
The main effect that this has had on education is that more and more people have access to education now - if you can get to a computer, you can educate yourself and learn whatever you want. Some kids in countries like the UK and US take education for granted because we have had free education for so long, but if you live in a country where your government tells you that you can't go to school, an education is a miraculous thing!
