Question

1.When going international, companies today often research new locations as potential markets as well as potential...

1.When going international, companies today often research new locations as potential markets as well as potential sites for operations.What specific benefits can companies gain from the globalization of markets and production? Explain.

2.Opponents of globalization say that it has many negative consequences for jobs and wages, income inequality, culture, sovereignty, and the environment.What are some positive outcomes of globalization for each of these topics?

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Answer #1

One question could be asked in one go. Here is the first answer as per the Chgg norms.

The benefits that a company can gain form the globalization of markets and production include;

  • Increased market share-Market share refers to the the portion of a market that is controlled by a particular firm or company.
  • Increased sales-when a firm engages in globalization of production as well as markets,the firm is able to offer its products or services to large number of customer increases the number of sales made and therefore profits.
  • Large customer base-A firm that engages in globalization of production and market is able to enjoy a large customer base
  • Growth and expansion-Globalization of production and markets creates a platform for a firm to grow and expand.
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