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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
Why do you want to join this course?
i want to join this course because i feel i belong here. i KNOW i belong here.
What is the role of multinational companies in your Indian economy?
There is no distinction between an MNCs & a domestic company in India policy regarding MNCs is the same as for Foreign Private Capital in indie. Large & dominant MNCs along with Indian Companies are covered under MRTP Act. MNCs are specifically covered under Foreign Exchange Management Act (FEMA).
Now, we study the operation of MNCs in India:
1.) Profit Maximisation.
2.) International Network of marketing.
3.) Diversification Policy.
4.) Concentration in Consumer goods.
5.) Location of central control offices.
6.) Techniques to achieve Public Acceptability.
7.) Existence of Modern & Sophisticated Technology.
8.) Business but not social Justice.
9.) MNCs & Process of planned Economic Development in India.
10.) Cultural Explosion.
Read more: What_is_the_role_of_Multinational_companies_in_India
What is Dunning's eclectic theory of Foreign direct investment?
To form a unified theory of Foreign Direct Investment- According to John Dunning, FDI will occur when these conditions are satisfied:
There is an Ownership advantage- the foreign firm must own some unique competitive advantage that overcomes the disadvantages of competing with the local firms on their home turfs.
There is a Location advantage: Undertaking the business activity must be more profitable in a foreign location than undertaking it in a domestic location.
There is a Internalization advantage: the firm must benefit more from controlling the foreign business activity than from hiring an indepedent local company to provide the service.
source: international business- a managerial prespective
What advantages does the competitive bid process have as a method of price determination?
It lets you obtain goods and services at a low cost, plus avoids having to write complex RFPs (request for proposal).
What are the problems with global business?
· Less local production
· Loss of domestic jobs - Certain labor-intensive industries (like textile and even parts of the software development industry) tend to shift their production from developed countries to developing countries where wages are lower.
· Not only increases the unemployment rate in the developed countries, but in some cases leads to exploitation of third world workers, in particular, children. In contrast, many economists believe that the loss of domestic jobs is a temporary state, which will be offset by other industries if the barriers of trade are kept low
· Barriers to enter the market
and the primary aspect which can badly influence to business performance.
- Business may need to wait for long-term gains
- Modify its product or packaging
- Develop new promotional material
- Incur added administrative costs
- Wait long for payments
became less of a challenge
How can you open a LC for Import in Bangladesh?
at first open your business place, than arrange ted licence.
then apply to LC for export or Import.
What are examples of multinational states?
Examples include present-day United Kingdom, Russia, Nigeria, and India, each having various ethnicites within a single state border.
The USSR and Yugoslavia were former multinational states.
How is outsourcing an example of globalization?
Outsourcing removes boundaries. It used to be that for someone to render services they would need to be in the same location as the client. Now even if they are in different countries an outsourcer can render services to the client.
What type of globalization strategy was followed by Japanese firm Matsushita?
Matsushita, known for its Panasonic brand, pursued a multi-domestic globalization strategy. This approach involved tailoring products and marketing strategies to meet the specific needs and preferences of local markets, allowing for significant adaptability in different countries. By establishing local subsidiaries and production facilities, Matsushita could respond quickly to regional demands while leveraging its global brand. This strategy enabled the company to maintain competitiveness in diverse markets while fostering a strong local presence.
Is a borderless world a dream or reality?
borderless world is merely a dream,,, no country cant give up their border,, human mentality is lik that..
Borderless world is merely a dream because in this modern era, everyone is fighting for land. It is impossible for humans to stop fighting and start a borderless world until we find another sentient race to fight and become united under one banner.
How much million makes a billion?
How_much_million_make_a_billion
A thousand million is a billion in most cultures. In some (older) cultures, it takes a million million to make a billion.
'Market pull' means business has a need for a product and technology develops to fill that need. 'Technology push' means technology has been developed and the 'need' must be created.
Why are you interested in purchase ledger clerk position?
If you are asked about why you're interested in the purchase ledger clerk position, you would talk about what excites you about the position and the opportunity. You could also mention any relevant skills you have that would make you a good choice for the job.
