Business International Test Notes
Eduardo Napoles Jr. 3/19/13
BUS 141 (P) Saltz
TEST #1
1. Globalization refers to in which activities of large number of business enterprises is carried out in many different locations across national boundaries. It is much more than just importing or exporting from one country to another. True globalization involves one firm procuring form, manufacturing in, and selling in many different countries. There has been an increasing trend in the world towards globalization is characterized by trends such as * Increased trade across national boundaries. * One company having subsidiary companies and plants in many countries. * One company selling its products in many different countries. * Growth of joint ventures and collaborations between companies from different countries.
Lowering of trade barriers and simplified import and export procedures.
Globalization offers many advantages to the people and businesses. These include * Greater employment opportunities for people. * Availability of greater variety of goods and services to the consumers. * More competitive price to the competitors. * Ability of companies to achieve lower costs. * Access to bigger markets to business firms. * Faster and wider spread of new technologies across the world.
Globalization has some disadvantages also: * Unrestricted globalization can hamper the development of less developed countries. * Smaller firms may lack the resources to compete internationally and therefore may be forced out of business. * Countries become increasingly dependent on other countries for meeting their needs for goods and services. This can become a major disadvantage in situations like war.
* I do not believe the advantages outweigh the disadvantages because it’s a 50-50 split. The consumers benefit a lot from globalization, as do firms with more capital to invest and compete immediately. Then again this is not the
BUS 141 (P) Saltz
TEST #1
1. Globalization refers to in which activities of large number of business enterprises is carried out in many different locations across national boundaries. It is much more than just importing or exporting from one country to another. True globalization involves one firm procuring form, manufacturing in, and selling in many different countries. There has been an increasing trend in the world towards globalization is characterized by trends such as * Increased trade across national boundaries. * One company having subsidiary companies and plants in many countries. * One company selling its products in many different countries. * Growth of joint ventures and collaborations between companies from different countries.
Lowering of trade barriers and simplified import and export procedures.
Globalization offers many advantages to the people and businesses. These include * Greater employment opportunities for people. * Availability of greater variety of goods and services to the consumers. * More competitive price to the competitors. * Ability of companies to achieve lower costs. * Access to bigger markets to business firms. * Faster and wider spread of new technologies across the world.
Globalization has some disadvantages also: * Unrestricted globalization can hamper the development of less developed countries. * Smaller firms may lack the resources to compete internationally and therefore may be forced out of business. * Countries become increasingly dependent on other countries for meeting their needs for goods and services. This can become a major disadvantage in situations like war.
* I do not believe the advantages outweigh the disadvantages because it’s a 50-50 split. The consumers benefit a lot from globalization, as do firms with more capital to invest and compete immediately. Then again this is not the