Purchase Solution

The Benefits and Impacts of a Global Market

Not what you're looking for?

Ask Custom Question

What are some of the benefits of a global market and why? List at least 2 benefits, weighing any short-term and long-term impacts.

What are some of the impacts of this global market and why? Considering both short-term and long-term impacts, provide at least 2 negative impacts.

Consider the phrase "Think Globally, Act Locally." What does it mean to you?

Has your research on the global market changed the way you will choose goods in the future? Why or why not?

Purchase this Solution

Solution Summary

The phrase "Think Globally, Act Locally" means a lot to me. The article below details the benefits and impacts of a global market and why, weighing any short-term and long-term impacts. Examples of positive and negative impacts are given, as well as an explanation of how my research on the global market has changed the way you will choose goods in the future.

Solution Preview

1) What are some of the benefits of a global market and why? List at least 2 benefits, weighing any short-term and long-term impacts.

More competition-Consumers now have a broader range of products and services to choose from and the door is opened for more companies to conduct business. In the short term consumers no longer have to settle for what the local market is offering and in the long terms, companies are becoming more innovative in order to keep up with the competition.
More specialization-Companies are able to utilize the best products and/or services from the most qualified parts of the world at a lower cost. More specialized products are placed on the market and consumers get more choices that enable them to live a better quality of life. In the short and long term, this results in better products for the consumer and less expenses for the companies.

Larger market size-Companies are able to greatly increase their customer base, especially for highly specialized products or services. More needy countries are able to receive products or service from ...

Solution provided by:
Education
  • BA, Brooklyn College
  • MBA/HCM, Phoenix University
Recent Feedback
  • "Thank you!"
  • "Thank you!"
  • "Thank you!"
  • "Thank you!"
  • "Thank you!!"
Purchase this Solution


Free BrainMass Quizzes
Test your health planning and program evaluation knowledge

Health planning and program evaluation is an important aspect of the Health Sciences' field. Organizations and communities must understand the needs of their audiences, and a way to obtain this datum is through proper design and assessment. This quiz will test your ability to understand the importance of planning and evaluation in the health sector.

CPR (Red Cross Standards)

Are you up to date on your CPR skills? Find out if you know what to do in an emergency with this quiz.

Stress Continuum

All humans experience stress and a certain level is motivating for learning. However, a high level of stress for prolonged periods of time may have a negative impact. This information focuses on the four stages of stress. Understanding stress assists in maintaining a healthy level.

First Aid

Do you know how to provide first aid?

Managed Care Organizations

This quiz will test the basics of managed care organizations. It is important to know how our health care delivery system operates through managed care.