Tutorial Preparation 2 Course Work 1
1. Globalization can be demonstrates a way towards a well-developed economy, cultural, political and technological interdependence through the national institution and economics. As countries reduce barriers to trade and investment, globalization force their industries to grow more competitive if they want to survive. Globalization is different from internationalization but it is characterized by denationalization. When the internationalization is higher in a country it can import and exports good, services, money and people across the national borders of the company. 2. Globalization of markets can be demonstrated as covering buyer preferences in markets around the world. This method covers in many products such as consumer goods, industrial products and business services. The globalization of markets is important to international business because it offers some benefits for these companies. There are few benefits have been described in follow. * Firstly it reduces marketing costs. This has mainly focused on companies which sell Global products, it can reduce the cost by standardizing their certain market activities. * Another benefit is it creates new market opportunities, because of this a global product can explore opportunities abroad if the home market is small or becomes saturated. * Levels uneven income streams, Accompany which sell their products all over the world, but seasonal appeal can use international sales to level its income stream. 3. Technology speed up the globalization process by introducing new technological aspects to the society. It ease the people to communicate with in the country and make and effect toward the globalization. Introducing new technological instruments encourage the community to use the new aspects and survive the need of the society. Introducing new technology low the barriers of the culture in a country it encourage the community to...
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