Question

1. Discuss the benefits and drawbacks a company might experience from the globalization of markets. Use examples to illustrate your answer.

Answer 1

* Benefits, a company might experience from the globalisation of market:-

1. Ability to tap into a wider talent pool

2. New ideas due to cultural diversity

4. Earnings changes

3. Larger markets

* Drawbacks, a company might experience from the globalisation of market:-

1. Potential for IP ( intellectual property) and design theft

2. Managing Employee immigrations and increasing tariffs and export frees

3. Issues with supply chain

4. Corruption

Example 1). Global news networks, like CNN,

These news networks deliver news all over the world at a time . People sitting anywhere in the world can see this news. Can see him live. This are the great example of globalization of mass media market.

Example 2). Travel and tourism allows for the globalization of market of many things, such as exchange of money, cultures, ideas and knowledge. The tourism department has a lot of options available to enable it to globalize its business. Such as providing flight ticket to travel at a low rate and booking a hotel at a low fare.This allows people to explore further and wider than was ever possible before.

Thankyou....