Business Globalization

Apple's global expansion provides local labor forces with opportunities for job creation and skills development, boosting local economies. However, it can also lead to job displacement as overseas labor may be cheaper, resulting in potential job losses in higher-cost regions. For overseas labor forces, Apple's presence can stimulate economic growth and provide better wages, but it may also lead to labor exploitation and a reliance on multinational corporations. Overall, the impact varies significantly between local and overseas contexts.

Globalization has led to the blending and sharing of cultural practices, significantly influencing festivals worldwide. Traditional celebrations often incorporate elements from various cultures, resulting in hybrid festivals that reflect a diverse range of influences. Additionally, globalization facilitates the exchange of ideas and practices, allowing festivals to gain international recognition and attract tourism, which can alter their original significance. However, this can also lead to the commercialization of these events, sometimes overshadowing their cultural roots.

Material Management is all about purchashing mix. It involves the the procurment of material of in store and and the ability to know the total number of available goods that are to be issued out on request. All the functions are primarily carried out by the store manager whose mission is to ensure that goods are not below average as to satisfy the demands of customers.

The primary and general importance of material management is to ensure that he/she streamlined the issues/demand/sales of the company as to enable him/her to be aware of when the management is short goods and will not go to the extemt of making use of their buffer stock.

The honest answer, is no one knows!

The term 'conflict minerals' most likely refers to the six minerals defined in Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. These minerals are Tin, Tungsten, Tantalum, Niobium, Gold and Cobalt and have a multitude of uses in electronic and electrical products.

Tin can be used in solders and resistant coatings. Tungsten is often used in high temperature applications such as lamp filaments. Tantalum is used in building capacitors. Niobium alloys are used in magnetic resonance imaging (MRI scanners etc). Gold can be used in plating and connectors. Finally cobalt in widely used in batteries and corrosion resistant plating. Put simply, 'conflict minerals' could be present in almost any product with electrical or electronic functions.

The aim of Section 1502 is to introduce a vigorous method of supply chain assessment to determine if the metals used in products have come from a mine associated with conflict. The idea is to introduce a similar system to the Kimberley Process which is used for tracing the origins of diamonds.

The exact rules to determine how the conflict mineral audit process will work are yet to be released by the US Securities and Exchange Commission (SEC).

Some companies are working to put in their own processes and checks in place, but at the moment it is almost impossible to declare any product as being totally 'conflict free'.

There are only two countries, say A and B

They produce the same commodities X and Y

Tastes are similar in both countries

Labour was considered the only productive factor

The labour units of all the countries they deemed of equal productivity and homogeneity

Production was subject to the law of constant returns or cost

The factors of production are completely mobile within the country and are immobile beyond the country

It assumes the state of full employment

The theory 'Laissez Faire'has been assumed to be applied to international trade. The inter national trade was assumed to be free from all the obstacles and barriers.

Technological knowledge is unchanged

The inter national market is perfect so that the exchange ratio for the two commodities is the same.

The total cost of goods is the production cost only. This ignores the transportation cost

The principle of the quantity theory of money was assumed to be applied to both the countries.

To raise funds from an international market, many companies are cutting costs. Unfortunately, capital investments and jobs are also routinely cut.

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The role of the financial manager has been changing drastically over the years. Based on technological advances, they now perform more data analysis and play a significant part in acquisitions and mergers.

In English pounds, it's about £7. NO JOKE (if you didn't believe that)!

Foreign direct investment may threaten local industries: As foreign companies put money into a nation and buy its companies and even bring in some of their own offices, local governments may feel a loss of economic power as all of it will be consolidated in the hands of foreign companies. Foreign companies may also drive less profitable local companies out of businesses and hurt national (not foreign) industry. As a result, many developing nations put strict limitations on the amounts of foreign direct investment in their nations. The above answer is correct - this supplemental answer expands on this principle. Foreign national companies are foreign owned. While that sounds obvious, it has subtle but important implications on the governance and operation of the company. 1. Profit In the free economy, companies exist to make profit. A wholly owned subsidiary of another company has a business obligation to generate profit for its parent company. Profit is transferred from the subsidiary company to the parent company through earnings and dividends. Locally owned companies keep their profit in the local economy - that means that the profit stays in the country, and thereby creates wealth within the local economy. A subsidiary of a foreign national company returns some of its profit to its foreign-owned parent company. This profit leaves the country, and therefore less wealth accumulates in the local economy. To use a crude analogy, it is akin to owning a house, where you accumulate wealth through the equity you accrue, compared to renting a house, where all your payments go to someone else. The house accumulates wealth whether you own or rent it, but if you rent the house, it is not your wealth - someone else is accumulating that wealth. Similarly, when a foreign national owns a local company, that foreign parent company accumulates the wealth generated from the profits of the local company, and that wealth is not available to the local economy. 2. SovereigntySome countries, such as the United States of America (USA), have laws that restrict certain activities of subsidiary companies. For example, the 1992 Cuban Democracy Act of the USA forbids all USA companies, and their subsidiaries (no matter where they operate) from trading with Cuba. Under USA law, therefore, it is illegal for a USA owned subsidiary that operates in Canada to trade with Cuba, even though there are no laws in Canada restricting such trade. While Canadian companies - even USA owned Canadian companies - can not be brought before a USA court, there have been cases in which the USA parent company, or its employees, have been prosecuted in the USA because its subsidiary company in Canada traded with Cuba (See http://www.csmonitor.com/2002/0426/p06s01-woam.htm). Therefore, foreign owned subsidiary companies may be forbidden by their parent companies to engage in such activities, even though these activities are completely legal in the subsidiary company's country. There is an argument that this foreign national control is tantamount to the erosion of the sovereignty. 3. Asymmetric InvestmentCompanies need investments of capital, resources, and knowledge. Foreign investment typically refers only to capital investment - money. A foreign national company will invest only as much knowledge it needs to in order to operate the subsidiary. A foreign car manufacturer, for example, may open a subsidiary manufacturing plant in your country, but it will continue to design and develop new lines of automobiles in its foreign parent company. The workers in the local subsidiary do not gain the benefit of working in the highly skilled occupations found in the foreign parent company. This creates a potential for a second class economy, in which the local economy must be satisfied with less skilled work than the foreign parent company.

Google and Yahoo are two search engines owned by Microsoft and Yahoo! respectively.

use of foreign labor

vayda karobar is a karobar to which when we will decrease in india then high rate in india will become decrease in a good extant

No one theory alone can describe the pattern of international trade. Together, the theories of Free Trade, Life-Cycle, Mercantilism, Heckscher0Ohlin, New Trade and Porter's Theory support the concept of globalization.

Because it has shrunk into a village

all fied is collect of data then needs of sytistics

becouse it benefits consumers and workers worldwide by providing jobs and products around the world.