answersLogoWhite

0

🏢

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

How does globalization relates to education?

Advances in technology allow people to get an education virtually. This means that people in other countries can assess educational opportunities in other countries.

What are the advantages for a company of expanding beyond its domestic market?

Outsourcing - they can access other sources in other countries (Canada for example has many natural resources - fresh water, mines, etc...)

Diversification - they can reach different types of people and different cultures to expand sales (for example, creating a line of sun protection in hot, sunny countries)

What is the effect of globalization on the youth?

cross culture, loss of pure culture, a mish-mash of culture results culture does not matter anything. but the morality of the world in being changed from a just way to an unjust manner. I am am islond theory is being applicated on the new generation. The new generation does not want to do something new, they need onely sistmaizare le cose.

What selling point would you use if you were to sell our product to our potential customers?

One of the key aspects of the role you have applied for is to be able to sell products and services to our customers using a conversational style of selling. Please provide an example of when you have had to persuade a customer to buy a product or service which they may not have previously wanted or known about and what was the result?

Is business environment static or dynamic?

When the business environment is stable, meaning that the economy is healthy and therefore businesses can be profitable.

Describe how a firm can generate funds internally to grow and expand?

Funds are generated internally through net income that is retained to fund growth rather than paid out in dividends. There also measures that can be taken to improve working capital to free up funds, such as more aggressive collection of receivables and negotiating longer terms with vendors for payables.

How many dollars is 300 liras?

300 Turkish liras = 202.2 US dollars today (Nov 07, 2009)

Can you print duplicate money?

i think you can put it would be illegal, but i dont know.....

How does socio-cultural environment affect business?

The socio-cultural environment, in regards to marketing a small business, has many facets. One of the most important is the atmospherics of the store. When customers enter they want to feel welcomed and that the staff is friendly. This is also important when marketing because the business will want to attract a certain psychographic segment of the populous. You want to accomodate your specific target market by making sure that their needs coincide with what you have to offer and how they percieve that.

Also when customers do percieve that their cultural values are being respected by the business as evident in it's market(ing) strategy and customer handling, they will respond more positively to the business and it's revenues will increase.

Define international marketing?

The scope of international marketing identifying needs and wants of customers in different markets and cultures, providing products, services, technologies and ideas to give the firm a competitive marketing advantage plus distributing and exchanging products and services internationally through one or a combination of foreign market entry modes.

What kind of affect does globalization have on religion in the US?

Globalization has challenged religion to be more relevant to diversity. It has challenged religious doctrines with respect to the validity of the information purported to be supreme and absolute truth. It has also challenged religion to demonstrate respect and tolerance of alternative perspectives. It is also challenging the right of religious fanatics determining the legislative agenda of a Government. _________________________________________________________________________

What are the scope of business economics?

Scope of Business Economics: 1. Consumer analysis focusing on demand 2. Production analysis 3. Equilibrium analysis focusing cost and revenue 4. Structure of markets and its imperfection 5. Pricing of products and services 6. Capital and profit management.

What are the current trends in Globalization?

Global wealth is less evenly distributed.

Due to globalization

The wealth gap is growing larger

Outsourcing is becoming more common

What have been negative effects of globalization?

There are quite a few negative effects of modernization. One negative effect is that technology is causing teenagers and others to lose focus with communication by using mobile devices and other forms more than communicating in person. Another negative effect is a lack of relationships due to social media.

What are the disadvantages to protectionism?

There are any number of disadvantages to an isolationist foreign policy. It can create a false sense of security in that foreign wars seem to be avoided by being isolationist. With that said, that may be a false sense of security as WW 2 demonstrated.

While a nation may be able to avoid unfavorable alliances, it also precludes favorable ones. Other nations normally of a friendly nature have no obligation to help nations that insist on isolationism. It also may not be a deterrent to powerful nations that can exploit isolationist nations as they seem to have no friends.

Why does Canada engage in free trade?

its because it is in a postive relationship between america and mexico.

What are swot analysis?

SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. The technique is credited to Albert Humphrey, who led a convention at Stanford University in the 1960s and 1970s using data from Fortune 500 companies

What best explains why globalization has led to wage cuts in some jobs in the US?

Outsourcing increases the domestic supply of workers, driving down the price of labor.
Outsourcing

What does political factors mean?

Political factors are outside influences that are associated with the policies and procedures of the government. Companies often monitor these factors to see what effect it may have on business.

What is the globalization of market?

The benefits derived while doing trade worldwidely.