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The Impact of Globalization influences businesses at varying degrees. It depends on what business you are talking about, for example if the business sector you are talking about is subsidized by its government, globalization can only be labelled as a cause. No globalization, no need for government subsidies on its businesses.
The Global Economy is in a constant state of change and is influenced by variations in the demand for services and products worldwide, for example the need for raw materials to manufacture products and the necessity to move produce/products to global consumers.
The breaking up of states can affect the Global Economy for instance the former Soviet Union which became several smaller quasi-independent economies and West and East Germany becoming one state.
The rise and fall in prices of raw materials for example the price of oil in the Middle East which has a knock on effect around the world. Weather is another element which effects the periodic growth of crops worldwide and again this affects the price of the raw material rice and maize for examples, making the consumer pay more.
Variations in the price and supply of labour the rise of cheaper workforce in the Far East has lead some businesses to moving their manufacturing abroad, cutting their overall costs. The improved levels in communication for example the Internet globally; this has allowed a lot of companies to outsource telesales and administration, reducing their cost.
What else can I help you with?
Do scientists agree on global warming and its impact on the environment?
Yes, the majority of scientists agree that global warming is happening and that it is having a significant impact on the environment.
What are the roles on global finance investing and operating activities and their impact on business trade?
the roles on global finance investing and operating activities ant their impact on business trade
What is the impact of legal environment in global marketing?
The impact of the legal environment in global marketing is very large. International laws are consistently restructuring to fit into the constant growth of global marketing. The legal environment has an impact on product and pricing decisions, distribution of products, promotions, market research, as well as currency and payments.
What is the contribution of small business to the global environment?
creat employment
What are the four components of the global business environment?
The components of global business environment are : Language Localisation Navigation Techniques Company Branding Preparation for international growth
What is the impact of business on the environment?
well earthquakes can knock buisness buildings down and so can tsnuamis and volcano eruptions :)
Global business environment refer to the international forces that affect a business True or False?
true
How do different business organizations operate in the global legal environment and how do domestic and global legal issues impact the various business structures?
Business organizations: * sole proprietorship * general partnership * for profit, non-profit corporation * franchises Research these four organizations because there are way too many to list the legal issues.
What is the role of MNCs in the process of globalisation?
a fierce competitor in the global business environment.
What global physical processes impact the environment of region?
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What are the internal and external factors in business environment?
Some internal factors that impact the business environment include competitors and business resources. External factors that affect the business environment barriers to entry and government regulations.
Role and impact of economical environment on business?
The role and impact of economical environment on business are large as they lead to increased rates, currency exchange rate, saving rates, and inflation. They also have an impact on the market size, the demand, and the supply.
