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A) What are the most common and significant reasons for your company to go global? Why?

B) How are global businesses and countries interconnected? Give examples.

C) How do the drivers of globalization affect products versus services?

D) What are some advantages and disadvantages of a country being a member of the WTO?

E) What is the role of the WTO in resolving global trade disputes?

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What are the most common and significant reasons for your company to go global? Why?

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A) What are the most common and significant reasons for your company to go global? Why?

The most common and significant reason to go global include an ambition to enhance revenues and profitability by exploiting new and emerging markets or, to obtain comparative advantage by identifying new sources for obtaining raw material or producing goods. Most of the companies, especially in developed markets, enter international markets to exploit opportunities in new and emerging markets. Another significant objective is to seek new sources of low cost production or sourcing centers to attain comparative and competitive advantage.

B) How are global businesses and countries interconnected? Give examples.

Global businesses and countries are interwined with each other because it is because of global businesses only that nations come close to each other and collaborate/ cooperate with each other for mutual benefits. Global businesses promote bilateral trade and improved relationship ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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