Question

What are some examples culturally, economically and/or politically of a globalizing world?

Answer 1

--Cultural differences: Cultures may vary in globalizing world and marketing pieces should reflect cultural nuances. For example, in America advertisements reflecting scantily clad models sell everything from shaving products to soft drinks however the countries with the conservative cultures these types of advertisements would be considered offensive.

-- Economical differences: The fluctuations in exchange rate can impact seriously on the balance of an entity's profit and expenses. For example, if an American firm is paying suppliers and production costs in U.S. dollars, however it is selling in markets with currency which is more unpredictable or weaker, then the American firm could end up with a much smaller margin or even a loss

--Political and legal differences: A company should be aware and updated on the laws on business in another nation thus require huge financial resources, more energy, time and effort. For example, Honda to sell its product in globalizing world has produced numerous versions of the B18C 1, B16A and K20A engines. The main goal was to suite varying emission regulations laws followed in different nations.