Answered: Without globalising to compete…

Without globalising to compete internationally the firms need to concentrate on a. Standardization. b. Market shares. c. Financial performance of operations. d. Quality improvement.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section: Chapter Questions

Problem 7AA

See similar textbooks

Related questions

Q: What are the major industries in Canada

A: Industries:- The organizations that produce goods and services are known as industries.

Q: globalisation for South Africa by refering to the advantages and disadvantages

A: Globalization is the most common way of expanding interconnectedness and relationship of the world's…

Q: challenges Malaysia faces in global business?

A: Malaysia is a country in the Southeast part of Asia. It is well known for its beaches, and mix of…

Q: When you are doing business with a foreign country, you need to remember that A. things important to…

A: The answer is - A. Things important to you might not matter in other countries.

Q: Describe the concept of cultural 'particularism'. Explain its influence in a shared global culture…

A: The possibility of historical particularism suggests all cultures have their own recorded direction…

Q: Write down the methods required by firms to enter international business.

A: Meaning of Economics: The term economics refers to the situation under which there remains…

Q: Are there certain small businesses (or industries) that would not benefit from going global?…

A: The benefits of focusing on local markets are undeniable. The networks there actually support the…

Q: Identify key risks for global business and explore possible consequences of these risks in an…

Q: Examine global strategies that South African businesses can use to expand internationally

A: International economics is a branch of economics that studies the economic interactions and…

Q: (A). Define culture as it relates to international business (B). How is culture part of or…

A: Business when deals on the international level then it may be affected by many factors, cultural…

Q: Discuss your thoughts on internationalization versus born-global. Do you believe a SME should…

A: It has been guaranteed that Born Globals are incongruent with the Uppsala model, which depends on…

Q: Which of the following is the main reason behind doing international business * A. To benefit…

A: International business refers to the sale and purchase of goods and services across borders. It…

Q: Explain the benefits and risks of multinationals, entering a host country like Canada.

A: MNC stands for Multinational corporation, that's a employer that operates in multiple countries and…

Q: Describe the relationship between globalization and international business

A: Globalization refers to the increased global integration where goods, services, people, resources,…

Q: As a student, what is multinational corporation to you? Are you interested in having businesses to…

A: A business is an organization that works for-profit motive for its growth in the company. It means…

Q: Role of technology in expanding competition and diversification of goods and services in highly…

A: The interaction of innovative change prods underlying changes in the economy and society. Developed…

Q: global business?

A: International business is a business firm which tends to engage in international economic activities…

Q: Every American company is international, at least to the extent that: a. Federal law requires all…

A: A company is said to be international when it has business operations in several markets beyond the…

Q: impact of globalization to human communication

A: Globalization refers to the process of economic integration of different countries. It focuses on…

Q: Critically discuss the importance of culture to international business. Please provide (Theory,…

A: Culture is a perplexing peculiarity that is considerably more than social aspects, and culture shows…

Q: Select India and review its progress in economic globalization. 4. How about the development of…

A: As a result of cross-border commerce in commodities and services, technology and investment, people,…

Q: Mr.Salim is running a perfume shop in Matrah. Even though he has small business, his business…

A: Salim produces his goods in one country but sells the same goods in multiple countries. This is a…

Q: Identify two services and explain their impact on global business.

A: Since years, trade in services has been growing at a higher rate than trade in products. In…

Q: 1. What is the role of technology in globalization and pluralism? What are the advantages and…

A: PART 1 In today's version of commercial globalization, technology is the driving factor. The global…

Q: Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence…

A: Answer -

Question

Without globalising to compete internationally the firms need to concentrate on

a. Standardization.

b. Market shares.

c. Financial performance of operations.

d. Quality improvement.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Write down the methods required by firms to enter international business.
Describe the concept of cultural 'particularism'. Explain its influence in a shared global culture when transacting business
Which of the following is the main reason behind doing international business * A. To benefit foreign countries B. To provide financial support to the country’s government C. For the welfare of underprivileged people D. To increase the assets and earn profits and expand the market
Every American company is international, at least to the extent that: a. Federal law requires all corporations to outsource whenever it is cost-effective b. The internet generates orders for all American business to go abroad c. Its business performance is affected by events occurring abroad d. Natural disasters and pandemics create a more close-knitted global community.
(A). Define culture as it relates to international business (B). How is culture part of or influences formal and informal country-based business institutions.
1. What is the role of technology in globalization and pluralism? What are the advantages and disadvantages of technology? 2. What are the ethical challenges for business that works in a globalized world; and what standards workers follow?
10- Mr.Salim is running a perfume shop in Matrah. Even though he has small business, his business products are available for sale in many countries. Identify the type of strategy followed by Salim. a. Nationalization b. Civilization c. Industrialization d. Globalization
What challenges Malaysia faces in global business?
Economics Discuss your thoughts on internationalization versus born-global. Do you believe a SME should establish success at home before expanding internationally? Or would it be better to establish a company in conjunction with a company in another company?
Of all of the functions that the United Nations performs to assist international business, which one do you feel is the most important? Be specific and support your choice.
impact of globalization to human communication
When you are doing business with a foreign country, you need to remember that A. things important to you might not matter in other countries B. the worth of your product might go down if you sell to foreign countries C. your business will increase by 150% if you work with another country