Finance and Accounting

1. (TCO A) Describe the concept of globalization. What are the major opportunities and ch completelyenges that globalization has created for personal credit line organizations? globalization can broadly be defined as the continuous process through which there is an ever extend level of integration among companies, people and the governments of divers(prenominal) nations all deal appear out all over the world. It is mainly driven by investment and increased international change over and is greatly help by information technology. Some of the major opportunities that globalization has created for soldiery control organizations include: Increased cross boundary trade amongst nation countries meaning larger markets for business organizations. It has proceedsed in a drastic reduction of trade barriers and more simplified mathematical product and import procedures. Companies are now able to sell their products in more countries. Companies are now able to have galore( postnominal) an(prenominal) more factor plants and subsidiary companies in many countries. Globalization has as well promoted technical collaborations and joint ventures between companies in different countries all over the world. Companies are now able to semen for cheaper or more readily available raw materials from many new(prenominal) different countries.

Companies are now able to disco cooky more competitive prices of their goods to their customers due to the reduced cost of proceeds as a result of the benefits of globalization. It has been noted that in the serial role that globalization is not res tricted, there is a general hampering of ma! turement in the less developed countries of the world which ends up touch the local businesses in those countries. If there are obstinate stinting conditions affecting the business environment in champion country, they whitethorn escalate and affect other countries and have a lavishly chance of ending up adopting global proportions. roughly of the smaller global firms might find themselves unable to adequately vie on the international market as a result of lack of enough...If you want to get a respectable essay, identify it on our website: OrderCustomPaper.com

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